HOLY SEE FINANCIAL STATEMENTS FOR 2008
VATICAN CITY, 4 JUL 2009 (VIS) – The 63rd meeting of the Council of Cardinals for the Study of Organisational and Economic Problems of the Holy See was held in the Vatican from 1 to 3 July, under the presidency of Cardinal Secretary of State Tarcisio Bertone S.D.B.
A communique published this afternoon explains that the Holy See consolidated financial statements for 2008, presented to the cardinals during the meeting by Archbishop Velasio De Paolis C.S., president of the Prefecture for the Economic Affairs of the Holy See, show a deficit of 911,514 euro, the difference between an income of 253,953,869 euro and outgoings of 254,865,383 euro.
The outgoings are due above all to the ordinary and extraordinary expenses of the dicasteries and offices of the Holy See, which employ 2,732 people of whom 761 are ecclesiastics, 334 religious and 1,637 lay people.
The meeting also examined the consolidated financial statements of the Governorate of Vatican City State for 2008, which show a deficit of slightly more than 15 million euro. A total of 1,894 people work under the jurisdiction of the Governorate.
The communique explains how, during the period in question, the Governorate began to study an integrated communications infrastructure including telephone and internet services, and installed photoelectric panels on the roof of the Paul VI Hall. It also mentions the “notable economic and financial burden of protecting, evaluating and restoring the artistic heritage of the Holy See (restoration of the Pauline Chapel and work on the papal basilicas of St. Paul ‘s Outside-the-Walls and St. Mary Major)”.
Finally the consolidated financial statements of Peter’s Pence were also presented. This fund consists of offers made to the Holy Father by the particular Churches, especially for the Solemnity of Sts. Peter and Paul, and contributions by institutes of consecrated life, societies of apostolic life, foundations and various members of the faithful. In 2008 a total of 54,387,714 euro was raised and, although the number of donations went up, the total fell slightly due to the general economic situation.
OP/FINANCES HOLY SEE/DE PAOLIS VIS 090706 (350)