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Category: Peter’s Pence

Contributions to Peter’s Pence plummet

Contributions to papal charities are slumping amid reports of financial scandals in the Vatican, according to reports. Speculation is mounting that concerns over corruption at the highest levels of the Catholic Church may be a factor in the falling generosity of the world’s faithful. It comes after the Vatican’s secretariat for the economy posted another

The post Contributions to Peter’s Pence plummet appeared first on Catholic Herald.

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

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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New law brings needed transparency to finances, Vatican official says

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.

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Down the barrel of $158 million gun, Vatican reform is coming … but what kind?

Change now is inevitable, no matter what sort of resistance the fabled “old guard” may put up, because the Vatican finds itself looking down the barrel of a $158 million gun.

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