💨 Abstract

Pope Francis, battling resistance from some cardinals, formed a new commission to encourage donations to the Vatican, aiming to address a growing budget deficit. The deficit, estimated at 83 million euros, has been a longstanding issue for Francis who has implemented budget cuts and demanded a 'zero deficit' agenda. The Vatican's pension fund liabilities are also increasing, potentially forcing cuts to charitable works and diplomatic presence.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖