VATICAN CITY
Independent Catholic News (United Kingdom)
The Council of Cardinals for the Study of the Organisational and Economic Problems of the Holy See met in the Vatican on Tuesday and Wednesday 3 and 4 July, under the presidency of Cardinal Secretary of State Tarcisio Bertone SDB. Cardinal Giuseppe Versaldi, president of the Prefecture for the Economic Affairs of the Holy See, presented the consolidated financial statements of the Holy See for 2011, then those of the Governorate of Vatican City State.
The consolidated financial statements of the Holy See for 2011 closed with a deficit of EUR 14,890,034. The most significant items of expenditure were those relative to personnel (who as of 31 December 2011 numbered 2,832) and to the communications media considered as a whole.
The result was affected by the negative trend of global financial markets, which made it impossible to achieve the goals laid down in the budget.
The administration of the Governorate is autonomous, and independent of contributions from the Holy See. Through its various offices, it supervises requirements related to the administration of the State. The consolidated financial statements for 2011 closed with a surplus of EUR 21,843,851. As of 31 December 2011, the Governorate employed a staff of 1,887. A particularly significant contribution to the result came from the Vatican Museums, which produced a revenue that passed from EUR 82,400,000 in 2010 to EUR 91,300.000, for a total of more than five million visitors. According to specialised rankings, these figures place the Vatican Museums among the most prestigious and important such institutions in the world.
Peter’s Pence – i.e., donations made by the faithful to support the Holy Father’s charity – rose from USD 67,704,416.41 in 2010 to USD 69,711,722.76. Contributions made pursuant to canon 1271 of the Code of Canon Law – ie, the economic support offered by ecclesiastical circumscriptions throughout the world to maintain the service the RomanCuria offers the universal Church – rose from USD 27,362,258.40 in 2010 to USD 32,128,675.91. Further contributions to the Holy See made by institutes of consecrated life, societies of apostolic life and foundations rose from USD 747,596.09 in 2010 to USD 1,194,217.78. Thus the overall increase with respect to 2010 was of 7.54 per cent.
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