Vatican back in black but cardinals told to trim costs

VATICAN CITY
Inquirer

AFP

VATICAN CITY — The Vatican on Thursday said it had a budget surplus of 2.2 million euros ($2.8 million) last year compared to a deficit of 14.9 million euros in 2011 but said cardinals should still cut costs.

The committee that approved the accounts said the biggest expenses were salaries for the Vatican’s 2,823 employees and the payment of a new property tax introduced by the Italian government.

Donations to the Vatican fell to $65.9 million from $69.7 million in 2011 and contributions from Catholic

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