Is the Catholic Church running out of money??
I know the Catholic Church has billions in assets, but their “business” side of things is an entity called The Holy See dosen’t seem to be going to well, (which in my understanding of The Holy See is they run the Vatican’s Newspaper and other media as well as other business the Church has going.)
www.cbc.ca…
The Holy See reports that the Vatican ran a deficit in 2007, hurt by the weak dollar affecting the value of generous collection baskets from U.S. faithful and by steep costs of running its media. The Vatican issued financial figures showing a nearly $13.5 million US deficit last year. It cited the sharp drop in the exchange rate for the U.S. dollar. The Vatican pays many of its expenses in euros, a currency that has soared against the U.S. dollar. The financial report, released by the Holy See’s press office, listed revenues of $371.97 million against expenses of $386.27 million.
Then i came across this from only a few days ago. I don’t know if it has anything to do with anything really but i find it odd that the Israel Government is holding money from the Catholic Church.
www.asianews.it…
Tel Aviv (AsiaNews) – The Chief Tax Collector at Israel’s Finance Ministry, Yehezkel Abrahamoff, has notified institutions of the Catholic Church in Israel that he has seized their funds, in order to force them to submit at once to all of the fiscal demands that he considers applicable to them, ahead of the Agreement on the fiscal status of the Church, which is being negotiate, among other things, between the Holy See and the State of Israel.