Roman stunner: More or less, the Vatican tells the truth about its money
This week, the Vatican more or less told us the truth about its financial situation – the full truth, or at least as close to it as the place has ever come.
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by bcadmin | Aug 7, 2022 | Father Juan Antonio Guerrero, Institute for the Works of Religion, lead, News, News Analysis, Pensions, Secretariat for the Economy, Vatican City State, Vatican finances | 0 |
This week, the Vatican more or less told us the truth about its financial situation – the full truth, or at least as close to it as the place has ever come.
Read Moreby bcadmin | Jun 25, 2021 | Catholic Church, Catholic News Service, Father Juan Antonio Guerrero, News, Peter's Pence, Secretariat for the Economy, Vatican | 0 |
The head of the Vatican Secretariat for the Economy said he hopes efforts at financial transparency and reform will foster Catholics’ trust ahead of the annual Peter’s Pence collection.
Read Moreby bcadmin | Mar 14, 2021 | deficits, Father Juan Antonio Guerrero, Financial reform, lead, News, News Analysis, Peter's Pence, Vatican finances | 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.
Read Moreby bcadmin | Mar 12, 2021 | Budget, Catholic Church, Catholic News Service, COVID-19 pandemic, Father Juan Antonio Guerrero, News, Vatican, Vatican finances, Vatican Secretariat for the Economy | 0 |
Revenue shortfalls and a current budget deficit require increased efficiency, transparency and creativity while working to continue to fully carry out the mission of the universal church, said the head of the Vatican’s economic office.
Read Moreby bcadmin | Dec 29, 2020 | APSA, Bishop Nunzio Galantino, Catholic News Service, Father Juan Antonio Guerrero, News, Peter's Pence, Secretariat for the Economy, Secretariat of State, Vatican | 0 |
A new law that removes financial assets from the control of the Vatican Secretariat of State is a step forward on the path of financial reform, said Bishop Nunzio Galantino, president of Administration of the Patrimony of the Holy See.
Read Moreby bcadmin | Dec 29, 2020 | APSA, Bishop Nunzio Galantino, Father Juan Antonio Guerrero, lead, News, News Analysis, Pope Francis, Secretariat for the Economy, Secretariat of State, Vatican finances, Vatican reform | 0 |
Pope Francis has taken away away the power of the purse from the Secretariat of State, traditionally the Vatican’s 800-pound gorilla, and transferred it to the Administration of the Patrimony of the Apostolic See (APSA), the Vatican’s central bank. At the same time, he beefed up the oversight role of the Secretariat for the Economy.
Read Moreby bcadmin | Oct 13, 2020 | Cardinal Angelo Becciu, Cardinal George Pell, Father Juan Antonio Guerrero, investments, lead, News, News Analysis, Pope Francis, Secretariat for the Economy, Vatican finances | 0 |
Monday’s encounter between Pope Francis and Australian Cardinal George Pell marked a vindication for the 79-year-old Australian prelate, but perhaps not a full resurgence.
Read Moreby bcadmin | Oct 1, 2020 | Andrea Tornielli, Budget, Catholic Church, Catholic News Service, Father Juan Antonio Guerrero, News, Secretariat for the Economy, Vatican, Vatican finances | 0 |
The Vatican’s financial situation must be “a glass house” that displays transparency and honesty, letting Catholics know where its revenues come from and go, said the head of the Secretariat for the Economy.
Read Moreby bcadmin | Jul 1, 2020 | APSA, Archbishop Mario Giordana, Fabbrica di San Pietro, Father Juan Antonio Guerrero, Financial reform, lead, London, News, News Analysis, St. Peter's Basilica, Vatican finances | 0 |
Despite the general stall related to the coronavirus over the last several months, it’s been drive time in terms of a financial reshuffle in the Vatican.
Read Moreby bcadmin | May 22, 2020 | APSA, Bishop Galantino, Coronavirus, Father Juan Antonio Guerrero, financial scandal, lead, News, News Analysis, Secretariat for the Economy, Secretariat of State, Vatican finances | 0 |
Pope Francis and his Vatican team this week have moved to try to defuse a financial bomb before it goes off, closing several Swiss holding companies responsible for portions of its assets and reallocating internal control over financial data collection.
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