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 ‘Bishop Nunzio Galantino’
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
Vatican’s asset manager says Holy See is not going broke
Thursday, October 24th, 2019The head of the Vatican’s sovereign asset management body has insisted that the Holy See is not headed for financial “collapse.” Bishop Nunzio Galantino made the comments in response to a book published on Monday by Italian journalist Gianluigi Nuzzi, which claims that the Holy See is facing a serious cash shortage, and may soon Read more
Italian bishop slams prejudice against unconventional couples
Tuesday, September 2nd, 2014
The Church should do more to welcome “unconventional couples”, instead of making them targets of “de facto discrimination”, a leading Italian bishop says. The secretary-general of the Italian bishops’ conference, Bishop Nunzio Galantino, said couples in “irregular matrimonial situations” are still Christians. Speaking at a national liturgical gathering in Italy on August 27, Bishop Galantino Read more
Senior bishop says Church must listen to calls for change
Friday, May 16th, 2014
A senior Italian bishop says the Church should listen to arguments for gay relationships, Communion for divorcees and ending mandatory celibacy for priests. Bishop Nunzio Galantino, who is secretary-general of the Italian bishops’ conference (CEI), said he wants Church leaders to open their minds on these issues. “My wish for the Italian Church is that Read more