Vatican economy tsar: “The Pope’s mission is underfunded”
Vatican CityRNS The Catholic Church’s financial chief warned in an interview on Friday that “a very uncertain period lies ahead” for the Vatican’s financial health, even as he reported significant progress in reducing the church’s budget deficit. Rev Juan Antonio Guerrero, prefect of the Vatican’s Secretariat for the Economy, said that Pope Francis’ reforms to […]
Historic Vatican trial may change Catholic Church’s finances forever
Vatican CityReuters A landmark fraud trial of 10 people including a cardinal begins in the Vatican on Tuesday in what officials hope will be a turning point in its financial credibility and show that no-one is above the law. The headliner at the trial is Cardinal Angelo Becciu, 73, formerly a senior official in the […]
Vatican reveals property holdings for first time in transparency drive
Reuters The Vatican released information on its real estate holdings for the first time on Saturday, revealing it owns more than 5,000 properties as part of its most detailed financial disclosures ever. The information was contained in two documents, a consolidated financial statement for 2020 for the Holy See and the first-ever public budget for […]
With tourism and giving down, Vatican tightens belt. It may not work, despite Pope Francis’ hopes
Vatican CityRNS Six months into 2020, nations around the world are already floundering to salvage their crippled economies. The Vatican is no exception. St Peter’s Square is closed in Vatican City on Palm on Sunday, 5th April in Rome. PICTURE: Claire Giangravé/RNS/File photo. Travel bans and lockdown in Italy have shut down the usual robust […]