Le Saint-Siège fait la transparence sur son budget la-croix.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from la-croix.com Daily Mail and Mail on Sunday newspapers.
<p><span>ROME (March 12, 2021) The Vatican warned Friday that it has nearly depleted its financial reserves from past donations to cover budget deficits over recent years, as it urged continued giving from the faithful to keep the Holy See afloat and Pope Francis’ ministry going.</span></p>
The Vatican warned that it has nearly depleted its financial reserves from past donations to cover budget deficits over recent years, as it urged continued giving from the faithful to keep the Holy See afloat and Pope Francis’ ministry going.
The Vatican published its 2021 budget in its latest effort at greater financial transparency amid a predicted 50 million euro budget deficit this year.
The aim is to reassure donors that their money is being well spent, following years of mismanagement that is currently the focus of a Vatican corruption investigation.
Francis’ economy minister, the Reverend Juan Antonio Guerrero Alves, said the coronavirus pandemic, which reduced donations as well as revenue from the shuttered Vatican Museums, would contribute to a projected 30% reduction in revenue to 213 million euros in 2021, from 307 million euros in 2019, the last year available.
ROME The Vatican warned Friday that it has nearly depleted its financial reserves from past donations to cover budget deficits over recent years, as it urged continued giving from the faithful to keep the Holy See afloat and Pope Francis’ ministry going. The Vatican published its 2021 budget in its latest effort at greater […]
Vatican budget deficit forces dip into reserves | News Headlines catholicculture.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from catholicculture.org Daily Mail and Mail on Sunday newspapers.