Pope Leo inherits a financial mess some CEOs may find relatable—including a pension time bomb that’s worse than expected

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Averting a financial crisis "will rank among most pressing issues for the new pontiff,” says Charles Gillespie, PhD, professor at Sacred Heart University in Connecticut.

In terms of money, Pope Francis scored by bringing the Vatican’s fragmented finances under central control, and giving top jobs, including leadership of its once-notorious bank, to professional managers.

The Vatican hasn’t published a full budget since 2022, but the fragmentary information released from last year shows a Holy See deficit of $83 million; estimates put total spending at around $3.5 billion.

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Article Details

Author / Journalist: Shawn Tully

Category: EconomyBusiness

Markets: United States

Topics: Vatican The Vatican Pope Pope Francis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-14 @ 09:00:00 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 1899 words

Reading Time: 11 minutes read

Sentences: 5 lines

Sentence Length: 380 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28706336

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