The Financial Crisis Also Affects the Holy See, Which Depends Chiefly on Donations

Vatican Information Service
February 16, 2012

http://visnews-en.blogspot.com/2012/02/financial-crisis-also-affects-holy-see.html

Vatican City, 16 February 2012 (VIS) - The Council of Cardinals for the Study of the Organisational and Economic Problems of the Holy See met in the Vatican on Tuesday 14 and Wednesday 15 February under the presidency of Cardinal Secretary of State Tarcisio Bertone S.D.B.

The meeting was also attended by representatives of the Prefecture for the Economic Affairs of the Holy See, the Governorate of Vatican City State, the Administration of the Patrimony of the Apostolic See and Vatican Radio. Reports were read out concerning the consolidated budget of the Holy See and of the Governorate of Vatican City State, and the gathering was addressed by Archbishop Giuseppe Versaldi, president of the Prefecture for the Economic Affairs of the Holy See.

According to a communique released this morning, the cardinals present intervened, "expressing their pleasure at the forecast results but not failing to make known their concern at the prevailing general crises, which has not spared even the general economic system of the Vatican. This is evident above all as regards the Holy See, which receives indispensable subsidisation from the free offerings of the faithful. The members of the Council expressed their profound gratitude for the support the faithful give, often anonymously, to the universal ministry of the Holy Father, and exhorted them to continue this good work. Moreover, it was recognised that there is an ongoing commitment to improve the administration of the goods and resources of the Holy See".