Fact check: The Vatican is running out of money

Fact check: The Vatican is running out of money

- A journalist has claimed that the finances of the Vatican are “at risk of default”

- It also mentioned that the budget of the Vatican is getting worse

- However, some officials of the Vatican has clarified the issue

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Italian journalist Gianluigi Nuzzi claimed in his book that he has seen the internal documents of the Vatican which showed that its finances are “at risk of default.”

However, KAMI learned that the Vatican has dismissed the allegations.

In a report by the GMA News, Pope Francis’ economic adviser Honduran Cardinal Oscar Maradiaga has said that the claim was false.

"To say that the Vatican is at danger of default is false,” Maradiaga said.

"It seems to me there is a discrediting strategy underway,” he added.

Maradiaga also mentioned that some people just wanted to discredit the pontiff by showing economic negligence.

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As reported by the Vatican News, the President of the Administration of the Patrimony of the Apostolic See (APSA) has also denied the allegations.

"There is no threat of collapse or default here. There is only the need for a spending review. And that is what we're doing. I can prove it to you with numbers,” Bishop Nunzio Galantino said.

The ordinary management of the APSA in 2018 closed with a profit of over 22 million euros. The financial loss on the books is exclusively due to an extraordinary intervention aimed at saving the operation of a Catholic hospital and the jobs of its employees,” he added.

Nuzzi has been known for his works about the Vatican’s supposed financial scandals. In his latest book, he analyzed Vatican’s books for 2018 and claimed that it was getting worse.

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Source: Kami.com.ph

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