Pope Francis told members and staff of the Dicastery for Communication that the Vatican and the Catholic Church need their expertise to share the Gospel. Still, he also asked them to find creative ways to do it while cutting their expenses. “I dream of a communication that is heart to heart, letting ourselves be touched Read more
Posts Tagged ‘Vatican finances’
Cardinal Müller denies financial impropriety allegations
Thursday, August 15th, 2024
Cardinal Gerhard Ludwig Müller has rejected allegations of financial impropriety during his tenure as prefect of the Vatican’s Congregation for the Doctrine of the Faith (CDF), calling the claims a “defamation strategy” with no basis in fact. Speaking in an interview on EWTN, the cardinal asserted that there is “no proof” of any wrongdoing and Read more
Cardinal Müller’s departure tied to financial investigation
Monday, August 5th, 2024
Cardinal Gerhard Ludwig Müller’s term as prefect of the Dicastery for the Doctrine of the Faith (DDF) ended in 2017 due to a financial investigation, according to a report by “The Pillar”. The investigation, initiated by the Vatican’s Secretariat for the Economy under Cardinal George Pell, revealed that large sums of cash and unclear money Read more
Vatican investment office reports €32 million profit for 2022
Monday, August 21st, 2023The 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
Vatican’s ‘trial of the century’ sets new standards for the surreal
Monday, November 28th, 2022
Just when you think that the Vatican’s “trial of the century” against a cardinal and nine other defendants for various alleged financial crimes can’t get any more surreal, two developments pop out of the woodwork to prove you wrong. A hearing Thursday produced both a previously unknown, and unauthorised, recording of a phone call with Read more
Cardinal Becciu: media cost him chance at being pope
Monday, November 28th, 2022
An Italian court has dismissed Cardinal Angelo Becciu’s claims that unfavourable media coverage cost him the opportunity to be pope at the next Conclave. He has tried and failed twice to convince the court of his entitlement. Not only have Becciu’s claims been dismissed, but he has been ordered to pay thousands in damages and Read more
Little leaks from Pope’s closed-door meetings with cardinals
Thursday, September 1st, 2022
Closed-door meetings Pope Francis had with about 180 cardinals this week focused on how the Catholic Church’s governance could be made more inclusive. So far little has officially emerged from the meetings. According to the accounts of those interviewed however, the pope encouraged all participants to speak from the heart. One topic on the agenda Read more
Vatican entities to move all funds to Vatican
Thursday, August 25th, 2022Pope Francis has ordered that the Holy See and connected entities move all financial assets to the Institute for Works of Religion (IOR), commonly known as the Vatican bank. The pope’s rescript, issued on 23 August, clarifies the interpretation of a paragraph in the new constitution of the Roman Curia, Praedicate Evangelium, promulgated in March. Read more
Vatican reports $3.3 million deficit was significantly less than expected
Monday, August 15th, 2022The 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
Vatican finances must serve Church’s mission, not vice versa
Monday, May 23rd, 2022
The Vatican’s top finance man Fr Juan Antonio Guerrero has warned that in economic matters Vatican finances must serve Church’s mission and not the other way around. “As the pope has often repeated, it is not for us to serve the economy, but for the economy to serve us,” said Father Guerrero at a symposium Read more