The World - News from Feb. 11, 1987
The Vatican budget director ordered senior Roman Catholic Church officials to hold spending at 1986 levels due to a record budget deficit of nearly $60 million during the last fiscal year, officials said. Brazilian Cardinal Angelo Rossi, president of the Vatican’s Administration for the Patrimony of the Holy See, ordered the freeze in a Jan. 24 letter to heads of departments of the Holy See, the officials said. Rossi said spending should be held at 1986 levels until the 1987 budget is approved in March.
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