Vatican City, Sep 20, 2019 / 10:50 am America/Denver (CNA).
The heads of dicasteries and Vatican City State institutions met Friday to discuss finances and how to reverse a reportedly rapidly growing deficit in the Holy See’s budget.
Matteo Bruni, Holy See press office director, confirmed to CNA that the meeting took place Sept. 20 among heads of dicasteries of the Roman Curia and of institutions connected to the Holy See and Vatican City State.
According to the Wall Street Journal, in May Pope Francis asked Cardinal Reinhard Marx of Munich and Freising, coordinator of the Council for the Economy, which oversees Vatican finances, to convoke the meeting to consider solutions and to “inform the respective heads about the gravity of the situation.”
The Holy See sustained a deficit of roughly 70 million euros ($77 million) in 2018, doubled from the previous year, according to Vatican officials, The Wall Street Journal reports.
The Sept. 20 meeting was intended to increase awareness of the issue among Vatican officials, many of whom are unaware of the gravity of the situation, according to Joseph Zahra, a Maltese economist who is a member of the Council for the Economy.