{"id":1520,"date":"2009-07-06T17:46:26","date_gmt":"2009-07-06T17:46:26","guid":{"rendered":"http:\/\/blog.beliefnet.com\/news\/2009\/07\/vatican-city-state-reports-22.php"},"modified":"2009-07-06T17:46:26","modified_gmt":"2009-07-06T17:46:26","slug":"vatican-city-state-reports-22","status":"publish","type":"post","link":"https:\/\/www.beliefnet.com\/columnists\/news\/2009\/07\/vatican-city-state-reports-22","title":{"rendered":"Vatican City State Reports $22 Million Deficit"},"content":{"rendered":"<p>VATICAN CITY (RNS) The Vatican City State reported a deficit of $22 million for 2008 as a consequence of the &#8220;global economic-financial crisis,&#8221; the Vatican announced on Saturday (July 4).<br \/>\nThe Vatican&#8217;s annual profit and loss statements showed that the 108-acre sovereign territory, which includes St. Peter&#8217;s Basilica and the Vatican Museums, fared much worse last year than in 2007, when it reported a profit of $10 million.<br \/>\nA Vatican statement attributed the shortfall to spending on telecommunications, Internet, and photovoltaic panels on the roof of the papal audience hall, as well as conservation and restoration work on the Vatican&#8217;s art collections. The statement did not give a breakdown of expenses.<br \/>\nOn the bright side, the Holy See, the episcopal jurisdiction of the pope, reported a loss of merely $1.3 million, down from $14 million in 2007.<br \/>\nThe news is the latest indication of straitened circumstances at the world headquarters of the Catholic Church.<br \/>\nIn May, the Vatican announced that it would raise its staff retirement age by two years to help make ends meet.<br \/>\nStarting in January 2010, newly hired lay staff will retire at 67 instead of 65, while newly hired members of religious orders and priests (below the rank of bishop) will retire at 72 instead of 70.<br \/>\nAlso in May, Vatican Radio announced that it would take paid commercials for the first time in its 78-year history.<br \/>\nThe radio service employs 500 people, broadcasts in 47 languages, and costs more than $27 million a year to run &#8212; much of which is ordinarily subsidized by the Holy See and Vatican City State.<br \/>\n<em>By Francis X. Rocca<br \/>\nCopyright 2009 Religion News Service. All rights reserved. No part of this transmission may be distributed or reproduced without written permission.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>VATICAN CITY (RNS) The Vatican City State reported a deficit of $22 million for 2008 as a consequence of the &#8220;global economic-financial crisis,&#8221; the Vatican announced on Saturday (July 4). The Vatican&#8217;s annual profit and loss statements showed that the 108-acre sovereign territory, which includes St. Peter&#8217;s Basilica and the Vatican Museums, fared much worse&hellip;<\/p>\n","protected":false},"author":43,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fbia_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-1520","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Vatican City State Reports $22 Million Deficit<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.beliefnet.com\/columnists\/news\/2009\/07\/vatican-city-state-reports-22\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vatican City State Reports $22 Million Deficit\" \/>\n<meta property=\"og:description\" content=\"VATICAN CITY (RNS) The Vatican City State reported a deficit of $22 million for 2008 as a consequence of the &#8220;global economic-financial crisis,&#8221; the Vatican announced on Saturday (July 4). The Vatican&#8217;s annual profit and loss statements showed that the 108-acre sovereign territory, which includes St. Peter&#8217;s Basilica and the Vatican Museums, fared much worse&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.beliefnet.com\/columnists\/news\/2009\/07\/vatican-city-state-reports-22\" \/>\n<meta property=\"og:site_name\" content=\"Beliefnet News\" \/>\n<meta property=\"article:published_time\" content=\"2009-07-06T17:46:26+00:00\" \/>\n<meta name=\"author\" content=\"nsymmonds\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Vatican City State Reports $22 Million Deficit","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.beliefnet.com\/columnists\/news\/2009\/07\/vatican-city-state-reports-22","og_locale":"en_US","og_type":"article","og_title":"Vatican City State Reports $22 Million Deficit","og_description":"VATICAN CITY (RNS) The Vatican City State reported a deficit of $22 million for 2008 as a consequence of the &#8220;global economic-financial crisis,&#8221; the Vatican announced on Saturday (July 4). The Vatican&#8217;s annual profit and loss statements showed that the 108-acre sovereign territory, which includes St. Peter&#8217;s Basilica and the Vatican Museums, fared much worse&hellip;","og_url":"https:\/\/www.beliefnet.com\/columnists\/news\/2009\/07\/vatican-city-state-reports-22","og_site_name":"Beliefnet News","article_published_time":"2009-07-06T17:46:26+00:00","author":"nsymmonds","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.beliefnet.com\/columnists\/news\/2009\/07\/vatican-city-state-reports-22","url":"https:\/\/www.beliefnet.com\/columnists\/news\/2009\/07\/vatican-city-state-reports-22","name":"Vatican City State Reports $22 Million Deficit","isPartOf":{"@id":"https:\/\/www.beliefnet.com\/columnists\/news\/#website"},"datePublished":"2009-07-06T17:46:26+00:00","dateModified":"2009-07-06T17:46:26+00:00","author":{"@id":"https:\/\/www.beliefnet.com\/columnists\/news\/#\/schema\/person\/f960b23e9c3a51222269c557a209b4f2"},"breadcrumb":{"@id":"https:\/\/www.beliefnet.com\/columnists\/news\/2009\/07\/vatican-city-state-reports-22#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.beliefnet.com\/columnists\/news\/2009\/07\/vatican-city-state-reports-22"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.beliefnet.com\/columnists\/news\/2009\/07\/vatican-city-state-reports-22#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.beliefnet.com\/columnists\/news"},{"@type":"ListItem","position":2,"name":"Vatican City State Reports $22 Million Deficit"}]},{"@type":"WebSite","@id":"https:\/\/www.beliefnet.com\/columnists\/news\/#website","url":"https:\/\/www.beliefnet.com\/columnists\/news\/","name":"Beliefnet News","description":"Top Religious News From Around the World","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.beliefnet.com\/columnists\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.beliefnet.com\/columnists\/news\/#\/schema\/person\/f960b23e9c3a51222269c557a209b4f2","name":"nsymmonds","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.beliefnet.com\/columnists\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-content\/wphb-cache\/gravatar\/13d\/13ddfa3407d6847bc2fbd32a13b67708x96.jpg","contentUrl":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-content\/wphb-cache\/gravatar\/13d\/13ddfa3407d6847bc2fbd32a13b67708x96.jpg","caption":"nsymmonds"},"description":"Nicole Symmonds is Beliefnet\u00e2\u20ac\u2122s Prayer editor and also covers Christianity. A New Yorker by birth but a Floridian by tenure, Nicole graduated from Florida A&M University with a B.S. in Public Relations and a minor in Sociology. She moved to NY to pursue a career in journalism which started at In Style magazine. There she learned the ropes of magazine reporting, researching, and writing\u00e2\u20ac\u201dand became exponentially more stylish. But what seemed like a deep interest in fashion and entertainment would soon be revealed as merely the vehicle that moved her closer to discovering her purpose, writing and covering matters of the Christian faith. While in her purpose-driven vehicle she can be found traveling between Brooklyn, Manhattan and Queens for life, work and worship, respectively. From fashion to faith and the journey isn\u00e2\u20ac\u2122t over yet\u00e2\u20ac\u00a6","url":"https:\/\/www.beliefnet.com\/columnists\/news\/author\/nsymmonds"}]}},"_links":{"self":[{"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/posts\/1520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/comments?post=1520"}],"version-history":[{"count":0,"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/posts\/1520\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/media?parent=1520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/categories?post=1520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/tags?post=1520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}