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by bcadmin | Feb 19, 2021 | Associated Press, Catholic Church, Church finances, Council for the Economy, News, Vatican, Vatican finances | 0 |
The Vatican said Friday it expects a deficit of nearly 50 million euros ($60.7 million) this year because of pandemic-related losses, a figure that grows to 80 million euros ($97 million) when donations from the faithful are excluded.
Read Moreby bcadmin | Feb 18, 2021 | Catholic Church, Council for the Economy, Free Access, News, Vatican, Vatican finances, Vatican News | 0 |
According to a press release, the virtual assembly focused on the Holy See’s annual budget for the current year, presented by Spanish layman Maximino Caballero Ledo, who was appointed to the number two position in the Secretariat for the Economy in August.
The post Council for the Economy discusses 2021 Vatican budget appeared first on Catholic Herald.
Read Moreby bcadmin | Dec 20, 2020 | Cardinal George Pell, Cardinal Peter Turkson, Council for Inclusive Capitalism with the Vatican, Council for the Economy, lead, News, News Analysis, Vatican finances | 0 |
Does anyone seriously believe that the pope’s new corporate BFFs, with $10.5 trillion in assets at their disposal, couldn’t help cover a $60 million deficit in a pinch?
Read Moreby bcadmin | Aug 8, 2020 | Arabian Peninsula, Baptism, Congregation for the Doctrine of Faith, Council for the Economy, Eastern Catholic Churches, Ferragosto, lead, News, News Analysis, Pope Francis, Spain, Vatican finances | 0 |
For the whole Catholic world, August 15 means the Feast of the Assumption. In Italy, it also means ferragosto, the traditional summer holiday that sees the whole country head to either the beach or the mountains, or both, roughly from the second week of August until early September.
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