Because of inflation’s continuing impact, and the performance — “or, lack of performance,” Bishop Parkes told the bishops — of the stock market, budget figures were revised from those sent earlier in the fall. On Nov. 16, the bishops approved the revised budget 215-4, with one abstention.
Pandemic, inflation, communications shakeup alter USCCB budget picture
Vatican reports $78 million deficit, also releases APSA report
Releasing both reports July 24, the Vatican said the coronavirus pandemic had a serious negative impact on the Vatican’s financial situation, including the 66.3 million euros ($78 million) deficit in the consolidated budget report for 2020.