Pope Leo XIV Eliminates Commission for Donations to Holy See Created by Pope Francis
Furthermore, Pope Leo decreed that all the commission’s assets must be transferred to the Holy See.
Results from Tag: 'vatican finances'
Libero Milone Takes His Case to Vatican City’s Supreme Court
The former auditor general says his 2017 ouster was unjust and part of a wider effort to block financial reform inside the Vatican.
Pope Leo XIV On Vatican’s Finances: ‘I’m Not Losing Sleep Over It’
The Holy Father noted that the pandemic helped drive serious shortfalls in the Vatican’s budget when the worldwide health crisis closed the Vatican Museums, a major source of the Holy See’s revenue.
Vatican’s Financial Watchdog Reports Decrease in Suspicious Activities
The report details that of the 79 suspicious activity reports received, 73 came from the Vatican’s bank, the Institute for Works of Religion, with 36 of these connected to high-risk jurisdictions.
Pope Francis Asks Cardinals to Achieve ‘Zero Deficit’ in the Catholic Church
The pontiff also pointed out 'the need for each institution to strive to find external resources for its mission, setting an example of transparent and responsible management in the service of the Church.'
Decision on Vatican’s Ex-Auditor General Lawsuit Expected in December
Libero Milone is suing the Holy See for 9.3-million euros for unfair dismissal.
Court Date to Settle Ex-Auditor General Lawsuit Set for October
Libero Milone and his former deputy Ferruccio Panicco, who died of cancer last month, filed a $10 million against the Vatican last November for unlawful dismissal.
What Do Pope Francis’ Latest Financial Measures Mean?
There are about 5,000 Vatican employees, split between the Vatican City State administration and the Holy See.
Pope Francis Cuts Free and Discounted Rent for Cardinals, Vatican Managers
The rescript, which was posted in the Vatican following a Feb. 13 meeting with Pope Francis, says housing perks for high-level Vatican officials are being cut to meet the growing needs of the Church in an economic context ‘of particular gravity.’
Pope Francis Reinforces Centralization of Vatican Finances
The document on the ‘inherent right’ of the Holy See to acquire temporal goods reinforces the Pope’s centralization of the Holy See’s finances.
