Fr Juan Antonio Guerrero Alves is to step down after three years as prefect of the Vatican’s Secretariat for the Economy, and a layman has been appointed to replace him. The 63-year-old Spanish Jesuit cited health reasons for his decision, and Maximino Caballero Ledo (pictured), the institution’s secretary general since August 2020, will take his Read more
The Vatican reported that projections of an expected deficit of 33.4 million euros for 2021 ended in a shortfall of just 3.3 million euros. “We are not looking for surpluses but for sustainability of the Holy See’s service,” Jesuit Father Juan Antonio Guerrero Alves, prefect of the Secretariat for the Economy, told Vatican News on Read more
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
The economy of the Holy See should be transparent like a house of glass, says Vatican Secretariat for the Economy prefect Fr. Juan A. Guerrero SJ. He made the comment when the Secretariat released the 2019 balance sheet for the Roman Curia last Thursday. “We want the budget to explain how the Holy See uses Read more
Pope Francis has chosen a Jesuit priest as the Prefect of the Secretariat for the Economy of the Holy See. Father Juan Antonio Guerrero Alves is scheduled to take office in January 2020. Normally the head of such a top Vatican office would also be named a bishop, but the Jesuit Superior General, Father Arturo Read more