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 ...
Ya can always sell off part of the Vatican to Muzzies for cash, Frank.
Think about it.
Ah, grazie mille, Bergoglio, for bringing that good ol’ fashioned Argentinian financial know-how to sunny Roma!
Startup the bingo and 50/50 raffles.
Don’t forget ecumenical outreach to primitive pagan religions, replacing traditional Catholic dogma with socialist dogma, as well as green anti-fossil fuel advocacy for the masses and general de-industrialisation. Also paving the way for an influx of transgender priests and nuns.
Remember, a solid majority of the world’s Cardinals voted him in.
The problem is far from merely Herr Pope. It’s the hierarchy as a whole, and it can’t be changed.
Who knew this fake bride is not a virgin.. she serves another master.. built a temple to the serpent and now is begging for dollars.. Did not Jesus clean out a mite infested temple as example?
Among all the other reasons listed above, I detest the current Church because of their active leadership of Catholic Charities to bring in more illegals. I won’t give my $$$ to the clergy but I do contribute generously to our parish “Roof Fund” to replace a huge leaky roof in the church.
A friend’s diocese expected people to continue donations throughout the pandemic, even though the Church would not fight for the re-opening of churches. Now they have brought Racist teachings to Catechism classes. He pushes back against it at every turn, but it’s a losing battle.
FU, Francis. Go collect it from your commie and homo allies.
He is self-canceling the church.
Interesting, local catholic monastery and retreat center reports 20% increase.
Sorry, but we can’t find you, we don’t recognize you anymore. You’ll have to get the money from your new congregants.
Why not sell some pictures?
So sad that threads like this bring out all of the hatelful, anti-Catholic comments.
Sure Fran.....I’d be happy to send money to pay off and silence a bunch of pedophiles. I feel for the victims, but it’s up to the perps to pay out for the poor souls who trusted this bunch.
No!
As a matter of fact they need their Tax Exemption taken away.
This.🤔
Do you like gladiator movies?
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