The pandemic has made its way into the Vatican's finances.<\/p>\n
The Vatican calculates that this year its income will be 21 percent less than in 2019, about $58 million.<\/p>\n
There are no taxes in the Vatican, which means its income depends above all on donations and real estate activity, both affected by Covid-19.<\/p>\n
The latest complete statistics on the Vatican's accounts are from 2019.<\/p>\n
That year income was at $372 million and spending at around $385 million.<\/p>\n
In its budget for 2021, it calculates that income will be at $315.7 million and spending at $375.8 million, which would leave a deficit of about $60 million.<\/p>\n
The deficit will be covered with reserve funds.<\/p>\n
The new budget reflects a policy geared toward cost containment. The Vatican assures that operation expenses will be reduced by 14 percent compared to 2019, about $29 million.<\/p>\n
According to the Vatican's report, a reduction in spending will not affect employment nor evangelization activities.<\/p>\n
As far as how resources are divided, about 68 percent go toward apostolic activities; about 17 percent toward managing its patrimony; and about 15 percent toward administrative activities.<\/p>\n
Though the budget published by the Vatican is not very detailed, it contains much more information than in the past.<\/p>\n<\/p>\n
Javier Romero<\/p>\n
Translation: CT<\/p>\n","protected":false},"excerpt":{"rendered":"
February 19, 2021. The Vatican says its priorities are employment security and promoting apostolic activities.<\/p>\n","protected":false},"author":0,"featured_media":14834,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"acf":{"video":"https:\/\/youtu.be\/0XPnnrjSjGE","video_descarga":"http:\/\/attuale.romereports.com\/news\/bpresupuestovaticanoeng.mp4","international_url":"http:\/\/attuale.romereports.com\/news\/bpresupuestovaticanoint.mp4","type":"rrp","newsletter":"si"},"_links":{"self":[{"href":"https:\/\/www.romereports.com\/en\/wp-json\/wp\/v2\/posts\/45615"}],"collection":[{"href":"https:\/\/www.romereports.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.romereports.com\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.romereports.com\/en\/wp-json\/wp\/v2\/comments?post=45615"}],"version-history":[{"count":0,"href":"https:\/\/www.romereports.com\/en\/wp-json\/wp\/v2\/posts\/45615\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.romereports.com\/en\/wp-json\/wp\/v2\/media\/14834"}],"wp:attachment":[{"href":"https:\/\/www.romereports.com\/en\/wp-json\/wp\/v2\/media?parent=45615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.romereports.com\/en\/wp-json\/wp\/v2\/categories?post=45615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.romereports.com\/en\/wp-json\/wp\/v2\/tags?post=45615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}