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, ticket sales for the Vatican Museums, as well as income from investments and an underperforming real estate portfolio.

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

In a short address in Italian, Pope Leo praised cycling as an important sport, reminding the world-class athletes that they are models for many young people.