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Quests, donations, moneys ... Church finances put to the test by Covid-19

2020-09-11T17:02:22.754Z


DECRYPTION - The end-of-year accounts look bleak for a world institution which ultimately relies on the sole generosity of the faithful.


High strain on the finances of the Catholic Church.

The suspension of masses, and therefore of collections, in all parishes in the world for several months, but also the closure of the Vatican Museums - 800,000 euros in revenue per day, the main source of funding for the Holy See - have opened up an abyss unprecedented financial for the Church.

The resumption of ecclesial activity since this summer still fails to compensate for the loss of earnings from the pandemic.

The end-of-year accounts look bleak for a world institution which ultimately relies solely on the generosity of the faithful.

The Vatican, for example, foresees a fall in revenue of 100 million euros for 2020. It is used to a structural deficit of 60 to 70 million, its annual expenditure approaching 320 million euros, but "

the shock is harsh although salutary

, says a senior Vatican official.

It should even be saving to support the dynamic of internal reform desired by François

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Source: lefigaro

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