MALTA
Malta Today
Two-thirds of the archdiocese’s total expenditure in 2015 went to remuneration for clergy and lay employees, whereas operational costs dropped by 45%, after bad debts were recovered.
Paul Cocks 11 August 2016
The archdiocese of Malta saw its income fall to €6.44 million in 2015 from €7.97m in 2014, while a small drop was also registered in its expenditure, ending with a net surplus of €172,365 for 2015.
The decline in income was registered because an additional dividend received from APS Bank in 2014 was not repeated last year and because of lower interest rates on investments and lower realised capital gains.
On the other hand, collections and donations, and the clergy fund, registered healthy increases, as did income from property.
This was announced by Michael Pace Ross, the archdiocese’s administrative secretary, at a press conference at the Archbishop’s Curia in Floriana, on Thursday.
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