Pope Francis' Financial Tensions: A Vatican Dilemma

Pope Francis faces financial challenges as resistance from cardinals grows over budget cuts. Despite setting up a new commission to raise donations, the Vatican struggles with deficits and pension fund issues. With limited income streams, financial woes could affect its global presence and charitable works.

Pope Francis is grappling with financial challenges and resistance from his senior cardinals regarding proposed budget cuts and fundraising strategies. Attempting to bridge the widening budget gap, the Vatican has announced a new commission aimed at boosting donations, amidst the pope's ongoing hospitalization for double pneumonia.

Persistent monetary concerns include a substantial deficit and ballooning pension liabilities. Despite the pope's efforts, including salary cuts for cardinals and a push for a zero-deficit agenda, the Vatican's finances remain precarious. It relies on limited income sources such as donations, investment portfolios, and museum admissions.

The financial strain has sparked debates within the Vatican about the potential need to seek external funding, which could pose conflicts of interest for the Church. As the Vatican anticipates increased tourist revenue during the upcoming Jubilee in 2025, experts remain skeptical that this influx will sufficiently alleviate the deficit.

(With inputs from agencies.)