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Costs down but no ‘Leo bounce’: Peter’s Pence sees fall in revenue and expenses
The Pillar • • world
Key Points:
- Peter’s Pence reported a decline in both revenue and expenses for the 2025 financial year, with income totaling 57.6 million euros and expenses at 59.8 million euros, resulting in a reduced but ongoing deficit.
- Contributions from dioceses remained the largest income source but fell in revenue, while individual donations dropped significantly to 5.4 million euros, comprising only 10% of total revenue in 2025.
- The United States increased its share of donations, becoming the largest country contributor with 14.2 million euros, accounting for 26.1% of the fund’s revenue.
- Pope Leo XIV abolished the Vatican’s Commission of Donations last year, replacing it with a working group to improve fundraising strategies amid concerns about the commission’s effectiveness.
- Peter’s Pence drastically reduced its contribution to the Vatican’s curial budget by 20 million euros in 2025, potentially impacting the Holy See’s operating finances despite prior reports of a shrinking structural deficit.
