This is five million more than in the previous year, reports the newspaper "La Repubblica" (Friday).
The fact that the deficit was not higher is due to spending cuts and a revaluation of Vatican property assets, according to the newspaper based on the budget report, which it said it had received.
According to the Holy See's balance sheet, which was recently approved by the Economic Council headed by Cardinal Reinhard Marx, income of 1,152 million euros was offset by operating expenditure of 1,236 million euros.
Last year, the Holy See did not publish a balance sheet for 2022.
According to "Repubblica", income increased by 28 million euros in 2023, while expenditure rose by 33 million euros.
Due to inflation and high energy prices, the Papal States had increased the salaries of its employees.
The Holy See itself neither levies taxes nor does it have its own monetary policy. Its only income comes from donations, such as the so-called St Peter's penny.
It also receives money from the administration of the Vatican State, which receives the income from the Vatican Museums as well as rent and lease money from properties.
Thanks to simplified donation options, St Peter's pence was increased by almost five million euros to 48.4 million in 2023.
However, secularisation and ageing in the richest and previously most donor-friendly countries of the global Church, such as the USA, Italy, Germany, Spain and South Korea, threaten to further reduce donations in the future.