============================================================
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 ...
Infiltrate a good organization. (Boy Scouts of America)
Rape the little boys.
Bankrupt the organization paying off the victims.
Now do the Churches.
~Easy
Once he gets greeted with jeers and refuse watch things change
What did the evil Jorge Bergoglio do with all the money?
NO!!!
Does Catholicism allow for home churches?
If people are getting $64 Million for their digital art, imagine what the Vatican could get for some real stuff.
Wonder how many times Biden has used that line?
...at the Thanksgiving dinner kiddie table
Sounds like they need to have a garage sale and sell fundraiser tickets for pizza.
The untold holdings of real estate, artwork, antiques furniture , rugs, bric a brac, historical manuscripts represent the wealth of the Vatican.
Im wonsersing if when they say there is a negative cash flow do they mean the pope & his minions need some walking around money.
Time to have a yard sale.
============================================================
Start selling the massive real estate holdings.
Actually, it was Paul VI and John Paul II (who I like to call “Pope Paterno”) who enable child molestation. Not a fan of Francis but he is better on that issue than those guys (Benedict was truly the only Pope who took aggressive action).
Churches and schools were closing like crazy long before woke was even a thought.
This is all Pelosi’s fault for not including the Vatican in the latest bailout bill.
I’ve read they’re already getting money from the ccp. Like, in the billions.
So Locking down the Churches for Easter in 2020 didn’t work out for Francis the Fake?
At a loss for words.
Not a problem, just ask Pelosi for money.
Time for a Vatican Museums fire sale!!
Sorry, not a penny until homosexuals, including Pope Francis, is purged from the church.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.