Report: Vatican on the Brink of Bankruptcy Due to Dramatic Decline in Global Donations Under Pope Francis’ Leadership, by Jim Hᴏft

By Jim Hᴏft, Gateway Pundit, Dec. 16, 2024

Jim Hᴏft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016.

The Vatican, the spiritual and administrative heart of the Catholic Church, faces an unprecedented financial crisis, with reports suggesting it is teetering on the brink of bankruptcy.

A combination of plummeting revenues, disillusioned donors, and mismanagement under Pope Francis has left the institution struggling to meet its pension obligations, Daily Express reported.

In 2023, the Vatican reported an operating deficit of $87 million, an increase of $5.3 million from the previous year. The shortfall stems largely from a dramatic decline in global donations from the Catholic faithful and the broader public.

Donations, historically a cornerstone of the Vatican’s revenue, have dwindled as many Catholics express discontent with Pope Francis’ progressive reforms. …