Cardinal Angelo Becciu, the Holy See’s former Deputy Secretary of State (Sostituto), has strongly denied any misappropriation of funds from the Peter’s Pence collection, currently under investigation by the Vatican judiciary. The Sardinian cardinal, who is now prefect of the Congregation for the Causes of Saints, was questioned about the investigation on Feb. 17 at Read more
Posts Tagged ‘Peter’s Pence’
Peter’s Pence: The money of the poor has not been used for speculation 
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Monday, February 24th, 2020
Cardinal denies allegations of financial mismanagement Comments 0
Monday, November 4th, 2019
Italian Cardinal Giovanni Angelo Becciu, prefect of the Congregation for Saints’ Causes, rejects accusations of financial mismanagement that claim he “played and tampered with the money of the poor”. Nearly a month after private documents about a property deal involving the Vatican leaked to the press, Becciu explained his side of the story. The Peter’s Read more
Pope donates half-a-million to US border migrants Comments 0
Monday, April 29th, 2019
Pope Francis has donated $500,000 to Mexico-based projects to help migrant communities. The funds will be distributed between 27 projects associated with 16 Mexican dioceses and congregations. All of them have asked for help to continue providing food, lodging and other basic necessities to those fleeing their home countries through Mexico. “In recent months, thousands Read more
Good and bad money news for Holy See Comments 0
Tuesday, July 9th, 2013
The Holy See has recovered from one of its worst deficits to post a $NZ3.6 million surplus for 2012, a good news story announced in a week in which “clear failings” were revealed in the processes of the Vatican Bank. In its annual financial statement, the Holy See said better management had helped it recover Read more
Holy See finances show biggest deficit in decade Comments 0
Tuesday, July 10th, 2012
The Holy See has suffered its largest budget deficit for 10 years, but growing numbers of visitors to the Vatican Museums gave the Vatican City State a healthy surplus. The Holy See finances for 2011 recorded a deficit of 14.9 million euros ($NZ22.9 million). Its budget covers the Vatican Secretariat of State and its worldwide Read more
Vatican makes profit despite declining donations Comments 0
Tuesday, July 5th, 2011
The Vatican returned a profit last year, despite around a 20% fall in donations from the faithful. The NZ$17.2 million profit was a turnaround from the previous year’s NZ$7 million loss, and losses in the previous two years. The Vatican said the result showed a continuing positive trend which began in 2009, but was hampered Read more
