Vatican Uses Donations For The Poor To Plug Its Budget Deficit Wsj

Vatican Uses Donations For The Poor To Plug Its Budget Deficit Wsj Every year, catholics donate tens of millions of dollars to the pope’s main charitable appeal, called peter’s pence. most of that collection goes toward plugging the hole in the vatican’s. According to a wall street journal exposé series by francis x. rocca, not only does the vatican use donations for the poor to plug its budget deficit, but only 10% of donations to the vatican’s peter’s pence collection go to charitable works. although sources of information are not always named and generic resources such as….

Vatican Tells Catholics How To Make Faith Consistent Investments Wsj The use of these donations to plug the budget deficit is especially sensitive for pope francis, who has called for a "poor church for the poor" and has repeatedly emphasized the church's mission to care for the most vulnerable, according to the wall street journal. A new wall street journal investigation found that only 10 per cent of the more than 50 million euros ($72 million cdn) given annually goes to those in need. Vatican city – the vatican is reportedly using donations meant for the weak and suffering to plug the hole in its administrative budget. people familiar with the funds told the wall street. In 2018, the budget deficit reached roughly €70 million on total spending of about €300 million, reflecting chronic inefficiencies, rising wage costs and hits to investment income. donations to peter’s pence have dropped notably in recent years, to over €50 million in 2018 from over €60 million in 2017, these people said.

The Vatican Can Clean Up Its Financial Act Wsj Vatican city – the vatican is reportedly using donations meant for the weak and suffering to plug the hole in its administrative budget. people familiar with the funds told the wall street. In 2018, the budget deficit reached roughly €70 million on total spending of about €300 million, reflecting chronic inefficiencies, rising wage costs and hits to investment income. donations to peter’s pence have dropped notably in recent years, to over €50 million in 2018 from over €60 million in 2017, these people said. An article published yesterday by the wall street journal, by francis x. rocca, had a provocative, even shocking headline: “vatican uses donations for the poor to plug its budget deficit. The use of peter’s pence donations mostly to plug the budget deficit is particularly sensitive for pope francis, who began his pontificate by calling for a “poor church for the poor,” and has continually emphasized the church’s mission to care for and advocate on behalf of the most vulnerable.

U S Donors Balk At 25 Million Vatican Request Wsj An article published yesterday by the wall street journal, by francis x. rocca, had a provocative, even shocking headline: “vatican uses donations for the poor to plug its budget deficit. The use of peter’s pence donations mostly to plug the budget deficit is particularly sensitive for pope francis, who began his pontificate by calling for a “poor church for the poor,” and has continually emphasized the church’s mission to care for and advocate on behalf of the most vulnerable.

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