The Vatican investment office made 32.27 million euros (NZ$59 million) in profit in 2022 and contributed the entire amount to the Vatican’s operating budget, said Bishop Nunzio Galantino, president of the Administration of the Patrimony of the Holy See. The profit was close to 6 million euros less than what the investments earned in 2021, Read more
Posts Tagged ‘Administration of the Patrimony of the Holy See’
Vatican policy orders foreign investment accounts to be closed
Thursday, July 21st, 2022
The Vatican has issued a new investments policy to ensure they are ethical, green, low-risk and avoid weapons industries and health sectors involved in abortion, contraception and embryonic stem cells. The policy requires Vatican departments to close investment accounts held in foreign banks and transfer them to the Vatican. The new policy was approved by Read more
Vatican deficit: Spending up on struggling communities
Monday, July 26th, 2021
The Vatican has reported a Roman Curia budget deficit of €66.3 million (US$78 million) for the COVID-dominated year 2020. While most Vatican offices reduced costs, the Congregations for Eastern Churches and for Evangelization of Peoples significantly increased giving to struggling church communities. The Vatican said the coronavirus pandemic had a severe negative impact on the Read more