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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
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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
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The Holy See has recovered from one of its worst deficits to post a $NZ3.6 million surplus for 2012, a good news story announced in a week in which “clear failings” were revealed in the processes of the Vatican Bank. In its annual financial statement, the Holy See said better management had helped it recover Read more
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The Holy See has suffered its largest budget deficit for 10 years, but growing numbers of visitors to the Vatican Museums gave the Vatican City State a healthy surplus. The Holy See finances for 2011 recorded a deficit of 14.9 million euros ($NZ22.9 million). Its budget covers the Vatican Secretariat of State and its worldwide Read more
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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
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