and sell those to the highest bidders.
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 ...
> The problem is far from merely Herr Pope. It’s the hierarchy as a whole, and it can’t be changed. <
The majority of the voting cardinals have now been appointed by Francis. So yes, you’re right. Meet the new pope. Same as the old pope.
They are down to their last few trillion.
As I remember the Catholic Church has about as much worth as the Queen/King/Royalty of England. They have no reason to plead about being in poverty.
The Vatican should support Catholicism and Christianity if they want more donations.
Pawn the pope’s hat sell off some land.
“...continued giving from the faithful.”
Gee. I wonder why the faithful stopped giving? Here’s a hint. The three priests in my parish in Los Angeles are deviant freaks who not respectful toward women.
and sell those to the highest bidders.
Sell some gold or property
They own beaucoup artworks. That strategy would never work, at least here in the US.
ML/NJ
Sell the treasures and gold you are sitting in. And art. And antique furniture.
All of it.
They need to get rid of all the communists first.
Same here ! This “Pope” is evil.
I call BS.....
since the preists like gay sex so much, simply have them work the streets for your money!!
Maybe they should put a picture of Donald Trump on their “send money” letters, the way the RINOs do?
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