HOLY SEE BUDGET 2011: IMPROVEMENT AND UNCERTAINTY

February 18, 2011

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

Cardinal Velasio De Paolis C.S., president of the Prefecture for the Economic Affairs of the Holy See, outlined the Holy See’s consolidated budget for 2011, as well as the consolidated budget of the Governorate of Vatican City State for the same year.

“The area of consolidation”, reads a communique on the meeting, “concerns the offices of the Roman Curia, the Apostolic Camera, and the ‘media’ institutions of the Holy See: Vatican Radio, the Vatican Press, the ‘Osservatore Romano’, the Vatican Television Centre and the Vatican Publishing House.

“The Governorate, the administration of which is independent from the Holy See and from other institutions, supervises the economic requirements and territorial administration of the State, supplying the necessary support structures to the Apostolic See and its activities.

“The overall picture emerging from these budgets, though showing clear signs of improvement, is still marked by the uncertainty of the global economic system and by increased administrative costs. 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 people give, often anonymously, to the universal ministry of the Holy Father, and exhorted them to continue this good work.

“As usual, the budgets will be submitted for verification to the Prefecture for Economic Affairs”.

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