<h1>Vatican launches new fundraising campaign to address 57-68 million USD structural deficit through Peter's Pence collection</h1> The Vatican launched a new fundraising campaign to address its 57-68 million USD structural deficit during the traditional Peter's Pence collection. The first American pontiff celebrated Mass at St. Peter's Basilica, marking the Feast of Saints Peter and Paul, while promoting donations through modern methods including promotional videos, QR codes, and online payment options. The Peter's Pence fund, historically used for papal operations and charity, has faced scrutiny following investment scandals and mismanagement revelations. Despite donations recovering to 54.3 million euros in recent years, expenses exceeded 75 million euros, continuing the deficit trend. The Vatican also faces a separate 1 billion euro pension fund shortfall.