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Cardinals hear cautiously optimistic report on Vatican finances

Catholic World News - January 22, 2010

The council of cardinals who oversee the economic affairs of the Holy See has concluded an annual review of the budget, the Vatican has announced. During a 2-day session, chaired by the Secretary of State, Cardinal Tarcisio Bertone, the cardinals heard full reports on the budget from Archbishop Velasio De Paolis, the president of the Prefecture for Economic Affairs.

Without providing details on the budget figures—which will be made public later—the statement quoted Archbishop De Paolis as saying that the Vatican had “substantially overcome the difficulties of previous financial years, enabling it to look to the future with greater confidence.”

The budget figures discussed by the council of cardinals came in two categories: the revenues and expenses of the Roman Curia, and those of the Vatican city-state. The largest costs of operating the Vatican are for personnel, including salaries and benefits for 2,668 employees.

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