Vatican City, 17 February, 2021 / 12:10 pm (ACI Africa).
The Vatican’s Council for the Economy met on Tuesday to discuss the details of the annual budget for 2021.
The Feb. 16 meeting took place online, with cardinals and lay council members connecting from the Vatican and other countries around the world.
According to a press release, the virtual assembly focused on the Holy See’s annual budget for the current year, presented by Spanish layman Maximino Caballero Ledo, who was appointed to the number two position in the Secretariat for the Economy in August.
The Vatican’s budget, which already operated on a deficit, took another hit in 2020 and the beginning of 2021, when the Vatican Museums, a major source of income, was forced to close for more than 24 weeks.
For the Holy See, the coronavirus crisis also meant collapsing market investments, uncertain income from real estate investments, and diminished contributions from the Church around the world.