S+L logo

The College of Cardinals: pastors and administrators

February 16, 2012
The eleven cardinals who oversee the Vatican's economic affairs are pleased with the budget forecast for 2012 but concerned about the ongoing economic crisis.
The Council of Cardinals for the study of Organizational and Economic problems of the Holy See met this week at the Vatican to review the budget forecast for 2012 and start work on the budget report for 2011.
A communique released by the Vatican did not include numbers, but said that the cardinals "expressed their pleasure" at the forecast but also their concern about the crisis "which has not spared the general economic system of the Vatican"
The note went on to explain that because most of the Church's funding comes from donations, freely given by the faithful, the effects of an economic crisis are reflected in those donations and impacts the Vatican economy.
It is expected that the Vatican will publish more final budget numbers for 2011 in July. In 2010 the Holy See ended the fiscal year with a surplus of $13.1 million while the Vatican City State ended 2010 with a surplus of $28 million.
The communique and the summary of the meeting is a glimpse into the wide variety of activities that cardinals are given and how those duties can be both pastoral and administrative. All the more reason to pray for the new cardinals being created in this weekend's consistory.

Related posts

Master, I Want to See!
FacebookTwitter
Thirtieth Sunday in Ordinary Time, Year B – October 28th, 2018 Mark’s healing stories of the blind man of Bethsaida (8:22-26) and the healing of Bartimaeus, the blind man on the road to Je ...read more
Cardinal Tagle and an international group of participants kick off Caritas International's "Share the Journey" campaign, updates from the synod - and more! ...read more
JPII: Did you know?
FacebookTwitter
In honour of the feast day of Pope St. John Paul II today, here are some fun stats from his papacy. ...read more
Deacon-structing the Mass | Part 11: Communion
FacebookTwitter
Communion on the hand or the tongue? Kneeling or standing? Deacon Pedro addresses these and more issues in this 11th part of his series on the Mass. ...read more
SLHour: Vampire-Hunting Priests
FacebookTwitter
What does the Church teach about vampires? This week, Deacon Pedro talks with Eleanor Bourg Nicholson about her new novel, A Bloody Habit - and much more! ...read more