#Vatican Media


Elderly are to be valued, not discarded, pope says

VATICAN CITY (CNS) — Older people are not “leftovers” to be discarded; rather, they continue to be precious nourishment for families, young people and communities, Pope Francis said in the homily he wrote for the Mass marking the first World Day for Grandparents and the Elderly. “Let us ask ourselves,...
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Vatican reveals it owns more than 5,000 properties

The Vatican has released information on its real estate holdings for the first time, revealing it owns more than 5,000 properties, as part of its most detailed financial disclosures ever. The information released on Saturday was contained in two documents – a consolidated financial statement for 2020 for the Holy...
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Vatican closes 2020 with shortfall better than previously forecast

The Vatican closed out 2020 with a deficit of 66.3 million euro (£56.7 million), which was better than projected and even lower than pre-pandemic 2019, figures show. The Vatican’s economy minister, the Rev Juan Antonio Guerrero Alves, credited lower spending and a milder-than-expected drop in revenues for the results. The...

Vatican reports $78 million deficit

VATICAN CITY — The Vatican reported the Roman Curia had a $78 million deficit in 2020, and on the same day, the Administration of the Patrimony of the Holy See, which administers Vatican properties and investments, made a summary of its annual budget public for the first time. Releasing both...
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Elderly are to be valued, not discarded, pope says

Cardinal Kevin J. Farrell, prefect of the Dicastery for Laity, the Family and Life, and Archbishop Rino Fisichella, president of the Pontifical Council for Promoting New Evangelization, bless baskets of flowers that young people distributed to older people attending Mass in St. Peter's Basilica at the Vatican July 25, 2021. The Mass marked the first World Day for Grandparents and the Elderly. (CNS photo/Vatican Media)

Vatican: The budget of the Holy See rises to 66.3 million – Politics

A difficult year that required Vatican comparisons to cut costs. A year in which less St Peter’s penny was withdrawn than in the past to support the doctors’ service to the pope’s message, but churches in countries hardest hit by the pandemic have been helped further. This is what emerges from the consolidated financial statements of the Holy See, presented today by Father Juan Antonio Guerrero Alves, Governor of the Economics Secretariat. For the first time the financial statements of the APSA (Holy See Asset Management) are published for the fiscal year 2020, showing an operating result of €21.99 million, down 51.2 million compared to 2019 (it was 73.21 million). Asset management resulted in 15.29 million (-27.1 compared to 2019), property management 15.25 million (-8.3), and other assets with a deficit of 8.56 million (down 15.8 million from 2019). Despite the “low economic results”, largely due to the Covid crisis, Absa contributed to covering Korea’s deficit by 20.6 million.