National Catholic Reporter

The Independent News Source

Council for the Economy

Vatican budgets for 2013 show surplus of 8.5 million euros

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The Vatican's final budget figures for 2013 showed a deficit on the part of the Roman Curia, but a strong performance by entities falling under the separate Vatican City State budget covered the deficit and helped the Vatican end the year 8.5 million euros ($11.6 million) in the black.

The Prefecture for the Economic Affairs of the Holy See, the Vatican's budget management office, presented the consolidated budgets for the Holy See and for Vatican City State to members of the new Council for the Economy on Saturday, and a summary was released by the Vatican press office Tuesday.

Pope appoints British canon law expert to economic oversight council

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Pope Francis named Msgr. Brian Ferme, a former dean of the School of Canon Law at The Catholic University of America in Washington, to be the new prelate secretary of the Vatican Council for the Economy.

In his new position, the British priest will assist German Cardinal Reinhard Marx of Munich and Freising, head of the council Pope Francis established Feb. 24 to set policies for the administrative and financial activities of all Vatican offices and bodies.

The Vatican announced the monsignor's appointment Saturday.

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