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A free floating commentary on culture, politics, economics, and religion based on a passionate commitment to the truth and a desire graciously to refute that which is contrary to it….
"He must hold firm to the sure word as taught, so that he may be able to give instruction in sound doctrine and also to confute those who contradict it."
--Titus 1:9, Revised Standard Version
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The Vatican ran a £3.4 million deficit in 2009, [according to] the consolidated financial statements for the Holy See report.
The financial statements for the Vatican, which are independent of the financial statements of the Catholic Church’s various dioceses, religious orders and charitable entities, were presented to the 45th meeting of the Council of Cardinals for the Study of Organisational and Economic Problems of the Holy See.
A statement released after the close of the July 7-9 meeting, chaired by Vatican’s Secretary of State, Cardinal Tarcisio Bertone, reported that income in 2009 was €250,182,364 (£209,683,000) and expenditures were €254,284,520 (£213,120,000).
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