Posted on 03/13/2021 10:11:29 AM PST by SeekAndFind
The Vatican warned that it has nearly depleted its financial reserves from past donations to cover budget deficits over recent years, as it urged continued giving from the faithful to keep the Holy See afloat and Pope Francis' ministry going.
The Vatican published its 2021 budget in its latest effort at greater financial transparency amid a predicted 50 million euro budget deficit this year.
The aim is to reassure donors that their money is being well spent, following years of mismanagement that is currently the focus of a Vatican corruption investigation.
Francis' economy minister, the Reverend Juan Antonio Guerrero Alves, said the coronavirus pandemic reduced donations as well as revenue from the shuttered Vatican Museums.
He said this would contribute to a projected 30 percent reduction in revenue to 213 million euros in 2021, from 307 million euros in 2019, the last year available.
He noted the Vatican had achieved significant cost-cutting during the lockdown last year, with drastically reduced travel, consultation fees, conference and assembly costs and putting off unnecessary property repairs and maintenance.
In an interview with Vatican Media, Father Guerrero said he expected to further cut expenditures by 8 percent in 2021, without resorting to layoffs, which Francis opposes.
But even then, the 50 million euro deficit expected for 2021 will require once again dipping into reserves of past donations to cover expenses.
Fr Guerrero confirmed that in 2019, the Vatican used 27.2 million euros in Peter's Pence reserves to cover its operating costs, on top of the 53.8 million euros in revenue to the Peter's Pence fund that year.
In 2020, he estimated the Vatican took 40 million euros in Peter's Pence reserves and that a similar amount was expected in 2021.
(Excerpt) Read more at dailymail.co.uk ...
They need it for “outreach” to gay communities.
Marxists often get into financial squeezes when they inevitably run out of O P M.
What do you expect when you have an incompetent CEO?
Ask the CCP for money, since you are birds of a feather and furthering the cause of cultural marxism.
Catholics have my sympathy. Sucks having a Pope who doesn’t seem to be Catholic. Something about woke & broke? Hope the SBC pays attention....
I’m sure.
The two things were: elevating a heretic to the papacy, a man that contradicts basic christian theology constantly and equated Christ to just a good guy we should listen to, same as a bunch of other good guys. The second thing was aggressively entrenching and doubling down on protecting pedophiles in the clergy. Once again, that's Francis' work, which makes me assume he's one of them.
They are just a men's club at this point, not one I feel like donating to.
Start marketing indulgences again.
“When a coin in the coffer rings, a soul from purgatory springs”
By the way, they have plenty of money. This is all part of their aggressive strategy to protect the pedophiles. They are claiming that they are broke, broke, broke at every level so when people inevitably sue over the ongoing abuse they refuse to stop, they will say ‘okay, you win but we have no money so you get nothing.’
Yup—”Billionaire perverts club”....
“Marxists often get into financial squeezes when they inevitably run out of O P M.”
They are closing schools, and some of their churches are becoming financial disasters.
A conservative friend in her early 80’s has several friends and relatives in her age bracket who are Catholic.
These Catholics can’t believe how broke their churches are and the closing of schools in their cities.
Our friend reminds them “If you go woke, you will go broke!”
This is one of the BEST chances to change the Vatican.
Give NOTHING until it gets back to its roots.
I’m a Catholic and I would give 10x more if they really preached Catholicism and Christian values.
Why would I donate to an institution headed by a communist?
If the church keeps going further left, conservatives will start asking “Are you now or have you ever been a member of the Catholic Church?”
:)
Go into the basement of the Vatican and sell a couple of trinkets.
You’ll be fine...
Pope Soros can get what he needs from George.
Time to sell off a little artwork to keep the lights on?
Fund idolatry, communism, Woke Superiority, and bearded men in women’s sports, all in one go!
They can always sell their bodies. Virgins get more.
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