VATICAN CITY
Vatican Information Service
Vatican City, 8 July 2014 (VIS) – During the meeting of the Council of the Economy on Saturday 5 July, the Prefecture for Economic Affairs of the Holy See, as is customary at this time of year, presented a report of the two main budgets for 2013: the consolidated financial statement of the Holy See and the financial statement of the Governorate of Vatican City State.
The data included in these statements may be summarised as follows:
The consolidated financial statement for the Holy See for the year 2013 closes with a deficit of € 24,470,549, due principally to negative fluctuations deriving from the valuation of gold, to the value of around € 14 million. Although evaluative elements and therefore not actualised, according to the accounting principles based on the criterion of prudence contained in the “Regulations for the Preparation of the Financial Statements of the Holy See”, they were recorded among the negative components in the overview of financial management.
The most significant categories of expenditure at those regarding personnel costs (2,886 persons on 31 December 2013), a net sum of around € 125 million, and the payment of taxes which affect the real estate sector, approximately € 15 million.
The administration of the Governorate is autonomous, and independent of contributions from the Holy See. Through its various offices, it supervises requirements related to the administration of the State. The 2013 budget closes with a profit of € 33,040,583, an increase of around € 10 million compared to last year. As of 31 December 2013 the Governorate employed a total of 1,936 persons.
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