Click here to advertise on CatholicCulture.org

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.

Additional sources for this story
Some links will take you to other sites, in a new window.

An appeal from our founder, Dr. Jeffrey Mirus:

Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach seven million Truth-seeking readers worldwide this year. Thank you!

Progress toward our July expenses ($17,856 to go):
$35,000.00 $17,144.29
51% 49%
Sound Off! CatholicCulture.org supporters weigh in.

All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!

There are no comments yet for this item.

Subscribe for free
Click here to advertise on CatholicCulture.org

Recent Catholic Commentary

Wrongheaded diocesan legal defenses in abuse cases 12 hours ago
New HHS Mandate must truly eliminate complicity July 23
Self-Esteem: Beyond Pop Psychology July 23
Government Crackdowns on God and Nature July 22
A legislative mockery: Massachusetts lawmakers rush to replace unconstitutional 'buffer zone' bill July 22

Top Catholic News

Most Important Stories of the Last 30 Days
Vatican issues working document for Synod of Bishops on the family CWN - June 26
New management, new changes coming for reformed Vatican bank CWN - July 8
Sweeping reforms to Vatican's media, financial operations CWN - July 9
‘Even Genghis Khan didn’t do this’: Mosul emptied of Christians CWN - July 21