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Mixed signals on Vatican budget outlook

Catholic World News - February 16, 2012

The council of cardinals how supervise Vatican financial affairs met in Rome this week to hear reports on the budgets of the Holy See and the Vatican city-state governorate.

Archbishop Giuseppe Versaldi, the president of the Prefecture for Economic Affairs, presented the budget information. At the conclusion of the meeting, the Vatican issued a neutral statement, saying that the cardinals expressed “pleasure at the forecast results,” but “concern at the prevailing economic crises.” The statement observed that the Vatican relies heavily on private donations, which are affected by the overall economic climate.

The Vatican usually makes budgets public after the financial information has been presented to the council of cardinals.

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