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Category: deficits

Three hard choices illustrate why the papacy can be no fun at all

by | May 30, 2021 | , , , , , , , , , , , | 0 |

The stars have aligned to suggest that Pope Francis faces a series of agonizing choices. Each represents an object lesson in why it’s never easy being in charge, especially of a complex global institution with a following of 1.3 billion highly diverse people and expectations of being a moral exemplar.

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‘Pope of the Little Guy’ caught up in the heavy lifting of reform

by | Mar 28, 2021 | , , , , , , , , , , , | 0 |

Pope Francis legendarily has a keen sense of justice and a hard-wired bias in favor of the underdog, but it’s also clear that Francis, like pretty much every reformer pope before him, is still struggling with the institutional translation of those core instincts.

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June 27 may decide if Vatican’s financial gamble pays off

by | Mar 14, 2021 | , , , , , , , | 0 |

Spanish Jesuit Father Juan Antonio Guerrero Alves, the pope’s CFO, explained in an interview with the Vatican’s official news outlet that in order to cover costs, the Vatican is being forced to spend down its reserves, and he appealed to Catholic faithful around the world to help out.

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Pope enacts new procurement law to combat deficits, corruption

by | Jun 1, 2020 | , , , , , , , , , , | 0 |

Officials say the new rules, described as four years in the making, bring the Vatican in line with “the most advanced international legislation in the area,” including the UN’s 2003 Convention against Corruption. It’s also intended, according to a synthesis provided by the Vatican News Service, to “combat illicit deals and corruption,” as well to achieve significant cost savings though “economies of scale.”

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