Vatican budget deficit forces dip into reserves
March 12, 2021
CWN Editor's Note: Although the Vatican’s latest budget is “the lowest in the recent history of the Holy See,” a sharp decrease in contributions will mean a project €50 million ($60 million) deficit for the coming year, Father Juan Antonio Guerrero Alves, prefect of the Secretariat for the Economy, has acknowledged. In an interview with Vatican News, he said that the shortfall would require using nearly €30 million from the Peter’s Pence collection (from a total of €47 million donated) for operating expenses rather than papal charities.The above note supplements, highlights, or corrects details in the original source (link above). About CWN news coverage.
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Posted by: feedback -
Mar. 15, 2021 12:05 AM ET USA
"Seek first the Kingdom of God and his righteousness, and all these things will be given you besides."
Posted by: Randal Mandock -
Mar. 13, 2021 10:16 PM ET USA
Will Pope Francis come to the rescue by reversing the exodus from the Church in Europe and the Americas? Or will the new status quo (8 years old now) prevail?