Argentina's Catholic Church will no longer receive public funding, concluding a process established by the country's bishops' conference for the church to provide its own financing.
The withdrawal of funds coincides with newly sworn-in President Javier Milei pushing a program of spending cuts,
The Vatican's chief prosecuting attorney began his closing arguments outlining final charges against 10 defendants, including a cardinal, stemming from an investigation launched in 2019 by internal reports of suspicious financial activity.
Cardinals and other senior Vatican officials who have been living rent-free in Vatican-owned apartments in Rome will now have to pay "ordinary" unsubsidized rates, Pope Francis said.
A rescript written by Maximino Caballero Ledo, the prefect of the Secretariat for the Economy, and
Pope Francis has approved a new law strengthening the oversight of Vatican-related foundations and nonprofit organizations as well as detailing sanctions and clarifying existing norms on transparency, accountability and mandated compliance with anti-money laundering measures.
The new law, which takes effect Dec. 8,
Three years after Pope Francis appointed him to speed up financial reforms, transparency and budget controls at the Vatican, Jesuit Father Juan Antonio Guerrero Alves has resigned for health reasons.
The Vatican announced Nov. 30 that Father Guerrero was stepping down as prefect
The Vatican reported that projections of an expected deficit of 33.4 million euros ($34 million) for 2021 ended in a shortfall of just 3.3 million euros ($3.36 million).
"We are not looking for surpluses but for sustainability of the Holy See's service," Jesuit
The Vatican released a new policy consolidating the investment portfolios of all offices and keeping all current and future investments in line with the social doctrine of the Catholic Church.
The new rules will ensure that investments will contribute "to a more just
The Vatican announced it has completed the sale of a property in London that is at center of a Vatican trial for 10 people, including Cardinal Angelo Becciu, accused of financial malfeasance.
In a statement released July 1, the Administration of the Patrimony
The Vatican's financial watchdog agency said that more financial transactions flagged as suspicious in 2021 than in the previous year was an indication that stringent policies aimed at transparency were working.
The 2021 annual report of the Supervisory and Financial Information Authority, published
U.S. Cardinal Kevin J. Farrell, prefect of the Dicastery for Laity, the Family and Life, will chair the Vatican's new Investment Committee, the Vatican press office announced.
The committee, which was established by Pope Francis in his apostolic constitution reforming the Roman Curia,