The world's smallest country has a big budget problem. The Vatican doesn’t tax its residents or issue bonds. It primarily finances the Catholic Church's central government through donations that have been plunging,

Can Pope Leo XIV solve the Vatican funding crisis? Here’s how the Holy See manages money - The Vatican doesn’t tax its residents or issue bonds, and it's got a big budget problem

Pope Leo XIV hasn't forgotten his responsibilities as a Peruvian citizen: He updated his national registration information Friday with his new Vatican address and a headshot. Peru’s national registry agency said in a statement that the pope updated his information as part of the South American country's efforts to keep track of Peruvian citizens around the world.