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 ...
You’re right.
The Pope going woke - the Church going broke...
Life’s a series of choices.
Cloward-Piven cuts both ways, Frankie.
Really, the vatican has been hoarding treasure for centuries
What, the human trafficking isn’t paying off?
Art sale?
You’re right.
The Pope going woke - the Church going broke...
Life’s a series of choices.
Thanks.
As you have pointed out before, how long do we continue to support people, who make a series of wrong choices?
They have lots of “donated” painting and other stuff they can sell.
Pimping for donations? Who so they think they are? Scientology? This can’t be good.
Get woke... Go broke
The poor Pope! Wandering around the drafty Vatican with Holey underwear!
Gods Holy trousers man!
Life Long practicing Catholic. I won’t give my honest money to fund defense for anything not promoting the faith. Whe the scandal came out they should have renounced it, Defrocked anyone involved, stopped the peace handshake, the demonic contemporary music, stopped putting a women in men’s places men in women’s places and moved along. Decades later were seeing the opposite.
Get woke go broke
"GOP admits it has nearly depleted its financial reserves and pleads for more donations from the faithful.
It’a not Pope Francis’ ministry. It’s Jesus’ ministry. He is merely a servant of Jesus. Wish he’s act like it.
They want go pay off their cover-ups for pedophile and sodomite priests. To the real Christians among them, my apologies. I know only one of twelve was a Judas Iscariot.
And plenty of suckers will pony up even more.
I amCatholic and it disgusts me that the parishioners donations go to pay victims of child molesting priests instead of going to people in need!! The cover up by the church AND now this Pope has turned me away from the church I haven’t given up on faith in any way BUT I am disgusted by the Catholic Church!!!
Hear, hear, I’m with you. Boot the homosexual and communist cabal, and I’ll reconsider.
That, and too many priests asking “Have you ever seen a grown man naked?”
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