WelCom April 2021
The Vatican has warned that it has nearly depleted its financial reserves from donations to cover budget deficits over recent years and is urging continued giving from the faithful to keep the Holy See afloat. The Vatican has published its 2021 budget in its latest effort at greater financial transparency and a 50 million euro budget deficit is predicted for this year. Francis’ economy minister, the Reverend Juan Antonio Guerrero Alves, said the coronavirus pandemic has reduced donations as well as revenue from the shuttered Vatican Museums.