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Optimism mixed with uncertainty on Vatican budget

CWN - February 17, 2011

The Vatican budget for 2011 “though showing clear signs of improvement, is still marked by the uncertainty of the global economic system and by increased administrative costs.” That was the report from the Vatican following a meeting this week of the council of cardinals who supervise the Vatican’s economic affairs.

Cardinal Velasio De Paolis, who heads the Prefecture for the Economic Affairs of the Holy See, presented the budgets for the year. There are two separate budgets: one for the Holy See, including the Roman Curia and media outlets of the Vatican; the other for the Vatican city-state, which handles the economic and political affairs of the territory.

The details of the Vatican budget will be made public later.

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