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.
Read MoreSelect Page
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 | Aug 5, 2022 | Associated Press, curia, News, Secretariat for the Economy, Vatican, Vatican finances | 0 |
The Vatican recorded a 3 million-euro deficit last year, far less than the 33 million euros projected, but faces an uncertain financial future due to structural problems, an underfunded pension system and other debts, the Holy See said Friday.
Read Moreby bcadmin | Jul 19, 2022 | APSA, Catholic News Service, Ethical investments, News, Secretariat for the Economy, Vatican | 0 |
The Vatican released a new policy consolidating the investment portfolios of all offices and keeping all current and future investments in line with the social doctrine of the Catholic Church.
Read Moreby bcadmin | Jun 7, 2022 | lead, News, News Analysis, Secretariat for the Economy, Secretariat of State, Vatican | 0 |
Given the tendency of Vatican departments to adhere to the silo model, thinking of themselves as self-contained fiefdoms, there’s little internal communication, leading to duplication of resources and sometimes working at cross-purposes.
Read Moreby bcadmin | Jan 28, 2022 | Associated Press, lead, London financial scandal, News, Secretariat for the Economy, Vatican | 0 |
The Vatican said Friday it has signed a contract to sell a luxury London building that is at the heart of a fraud and embezzlement trial under way in the Vatican’s criminal tribunal, recovering more than it expected from the loss-making investment.
Read Moreby bcadmin | Sep 25, 2021 | Benedict Option, Cardinal George Pell, Catholic News Service, News, Secretariat for the Economy, Vatican | 0 |
Honest and open debate about different points of view in the Catholic Church are fundamental, but Catholics should not be demonizing the individuals with those views, Cardinal George Pell said.
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 | Jan 15, 2021 | APSA, Cardinal George Pell, lead, News, Secretariat for the Economy, Secretariat of State, transparency, Vatican, Vatican finances | 0 |
Australian Cardinal George Pell, formerly the Vatican’s top official on financial affairs, said he believes the pope’s recent reforms signal progress, and called for more competent laypeople to be involved in the process.
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 | Nov 5, 2020 | APSA, Cardinal Becciu, Cardinal Parolin, Centurion Global, Edgar Pena Parra, Fr Antonio Guerrero, Magazine, News, Pope Francis, Secretariat for the Economy, Sloane Avenue, Vatican, Vatican finances, Vatican financial reform, Vatican real estate scandals | 0 |
The sweeping nature and speed of the moves is by Roman standards breathtaking — and raise questions about the shape of the broader curial reform.
The post Pope Francis takes purse from Secretariat of State appeared first on Catholic Herald.
Read Moreby bcadmin | Nov 5, 2020 | Associated Press, Cardinal Pietro Parolin, Catholic Church, financial scandal, News, Pope Francis, Secretariat for the Economy, Secretariat of State, Vatican, Vatican finances | 0 |
Pope Francis has given the Vatican secretariat of state three months to transfer all of its financial holdings to another Vatican office following its bungled management of hundreds of millions of euros in donations and investments that are now the subject of a corruption investigation.
Read More
Recent Comments