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Vatican deficit narrows by half

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VATICAN CITY -- The Vatican has issued new figures showing it narrowed its deficit by half in 2015 to $13 million.

That compares with a deficit of about $27 million in 2014. The Vatican released the figures for 2015 but didn't include fuller details as it has in previous years, citing a transition in its financial accounting system.

The Vatican also reported $25 million in contributions from Roman Catholic dioceses, up from $22 million a year earlier, and about $53 million from the Vatican bank.

The figures for 2016 are expected in July.

Starting at /week.