The State of Vatican City is administered by the Prefecture for Economic Affairs, which deals with the financial management of the world's smallest sovereign state. The main sources of income are:
- L ' Peter's Pence, made by donations to the pope alms from the faithful around the world: in 2002 revenue was € 52.8 million.
- Collections from the Vatican Museums (about 4 million visitors a year).
- The profits from ' Institute for Works of Religion (IOR), banking institution responsible for investing the assets of the Holy See.
The national bishops' conferences independently manage the budget of the Church in different countries, gathering the offerings of the faithful and, in some countries, enjoying state-funded. In Italy, under the Concordat of 1984, every believer can choose to pay the ' 8 per thousand IRPEF the Italian Church (936.5 million euros in 2004 ).
- The following table shows the revenue from some countries :
| country | Revenues Million €. |
|---|---|
| Italy | 981 |
| USA | 5000 |
| France | 446.5 |
The Italian state does not fund the Vatican State , but the Italian Episcopal Conference receives a fee set in accordance with financial regulations, the so-called "eight per thousand . They are also currently under by fiscal incentives (such as exemption ICI, killing 50% IRES, IRAP benefits ) for religious institutions, hospitals, educational, including those dependent on the Church. In addition there are special situations to take advantage of extraterritoriality some goods due to the Vatican.
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