Analysis: what extreme financial straits mean for Vatican financial reform

Catholic Herald

May 13, 2020

By Christopher Altieri

The Italian daily, Il Mesaggero, published a piece earlier this week by their Vaticanologist, Franca Giansoldati, detailing a financial outlook that is very grim, indeed.

Internal Vatican documents obtained by Il Messaggero – a paper Pope Francis reads regularly – show that curial heads are contemplating drops in revenue between 30% and 80% in 2020, and a resulting deficit between 28% and 175%, depending on how successful cost-controlling measures – some of which are already in place – prove to be.

The documents, which came from the Secretariat for the Economy, detail best-case, middle-case, and worst-case scenarios.

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