{"id":6806,"date":"2006-07-13T08:14:05","date_gmt":"2006-07-13T08:14:05","guid":{"rendered":"http:\/\/blog.beliefnet.com\/viamedia\/2006\/07\/the-red-and-the-black.html"},"modified":"2006-07-13T08:14:05","modified_gmt":"2006-07-13T08:14:05","slug":"the-red-and-the-black","status":"publish","type":"post","link":"https:\/\/www.beliefnet.com\/columnists\/viamedia\/2006\/07\/the-red-and-the-black.html","title":{"rendered":"The Red and the Black"},"content":{"rendered":"

The Vatican’s 2005 financial report was presented today:<\/a><\/p>\n

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Cardinal Sergio Sebastiani, president of the Prefecture for the Economic Affairs of the Holy See, announced this morning in a press conference on the Holy See consolidated financial statements for 2005 that the year closed with a surplus of 9.7 million euro. This, he said, "represents the most significant value of the last eight years." The year 2004 had closed with a surplus of 3.08 million euro. <\/p>\n

In terms of the institutional activity of the Holy See (Secretariat of State, congregations, councils, tribunals, the Synod of Bishops and various other offices), the president indicated that the sector closed the year with a deficit of 36.9 million euro, an increase with respect to 2004 which had closed with a deficit of 23.2 million euro. <\/p>\n

Cardinal Sebastiani pointed out that the sector of financial activities (7 consolidated administrations, the most important of which is the Extraordinary Section of the Administration of the Patrimony of the Apostolic See, APSA) showed a surplus of 43.3 million euro, an improvement on last year’s surplus of 6.1 million euro. This is due, the cardinal explained, "to the improvement of the situation of the financial markets which occurred in the course of 2005. Indeed, a net positive fluctuation of 21.7 million euro was registered in 2005 while a net loss of roughly 11 million euro occurred in 2004 due to fluctuations in the rates of exchange." For its part, the real estate sector closed with a surplus of 22.2 million euro, slightly down on last year’s closing figure of 24.9 million euro. <\/p>\n

The activity of the media institutions connected with the Holy See (Vatican Radio, the Vatican Printing Office, L’Osservatore Romano newspaper, the Vatican Publishing House and the Vatican Television Center), closed with a deficit of 11.8 million euro, "substantially due to the negative results of Vatican Radio (about 23.5 million euro) and of L’Osservatore Romano (4.6 million euro)," said Cardinal Sebastiani. Nonetheless, "the Vatican Printing Office closed its financial statement with a surplus of 653,000 euro, and the Vatican Television Center closed with a profit of 650,000 euro. … The Vatican Publishing House also closed its 2005 financial statement with a surplus of 934,000 euro and with a rise of 3.8 million euro in the volume of the activity." In this context, the cardinal recalled how the Vatican Publishing House has been entrusted with the exercise and the guardianship of the copyright of "all the documents by means of which the Supreme Pontiff exercises his teaching." <\/p>\n

The final part of the economic report, concerning other income and expense, closed with a negative result of seven million euro, reflecting the costs incurred during the period of vacant see in April 2005. <\/p>\n<\/blockquote>\n<\/blockquote>\n

Interesting to see the various areas of surplus and deficit. <\/p>\n","protected":false},"excerpt":{"rendered":"

The Vatican’s 2005 financial report was presented today: Cardinal Sergio Sebastiani, president of the Prefecture for the Economic Affairs of the Holy See, announced this morning in a press conference on the Holy See consolidated financial statements for 2005 that the year closed with a surplus of 9.7 million euro. This, he said, "represents the…<\/p>\n","protected":false},"author":180,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6806","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"\nThe Red and the Black - Via Media<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.beliefnet.com\/columnists\/viamedia\/2006\/07\/the-red-and-the-black.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Red and the Black - Via Media\" \/>\n<meta property=\"og:description\" content=\"The Vatican’s 2005 financial report was presented today: Cardinal Sergio Sebastiani, president of the Prefecture for the Economic Affairs of the Holy See, announced this morning in a press conference on the Holy See consolidated financial statements for 2005 that the year closed with a surplus of 9.7 million euro. 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The Catholicism comes from her side. Amy grew up in a number of places - Indiana - Washington, DC - Lubbock Texas - Arlington, Virginia - DeKalb, Illinois - Lawrence, Kansas - and Knoxville, Tennessee, where the family settled in 1973. She attended Knoxville Catholic High School, then the University of Tennessee where she majored in history. She received an MA in Church History from Vanderbilt University, where she wrote a thesis on the changing role of women in 19th century American Protestantism, and the ways Scripture was used to justify those changes. She worked as as a teacher in Catholic high schools and a Parish Director of Religious Education and started writing for the diocesan press - the Florida Catholic - in 1988. Amy has written columns for Our Sunday Visitor and Catholic News Service at times over the past twenty years. Her articles have been published in venues ranging from Our Sunday Visitor to the New York Times to Commonweal. She has written 17 books. 18, if you included the as yet tragically unpublished novel. Amy has five children, ranging in age from 26 to 4 and was married to Michael Dubruiel, who died unexpectedly in February 2009. She lives in Birmingham, Alabama.","url":"https:\/\/www.beliefnet.com\/columnists\/viamedia\/author\/awelborn"}]}},"_links":{"self":[{"href":"https:\/\/www.beliefnet.com\/columnists\/viamedia\/wp-json\/wp\/v2\/posts\/6806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.beliefnet.com\/columnists\/viamedia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.beliefnet.com\/columnists\/viamedia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/viamedia\/wp-json\/wp\/v2\/users\/180"}],"replies":[{"embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/viamedia\/wp-json\/wp\/v2\/comments?post=6806"}],"version-history":[{"count":0,"href":"https:\/\/www.beliefnet.com\/columnists\/viamedia\/wp-json\/wp\/v2\/posts\/6806\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.beliefnet.com\/columnists\/viamedia\/wp-json\/wp\/v2\/media?parent=6806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/viamedia\/wp-json\/wp\/v2\/categories?post=6806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/viamedia\/wp-json\/wp\/v2\/tags?post=6806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}