The Holy See’s Financial Debt: Silver and Gold I Have Not!

Unlike others, the Holy See is rather transparent about their finances.

The Holy See’s press office released its 2009 financial report showing €250.18 million in revenues against expenses of €254.28 million. If you punch that into your calculator you’ll see that this means a deficet of 4.1 million Euros. At the current exchange, in US dollars that’s $5.2 million short.

This gives all new meaning to what Saint Peter, our first pope, said in the first century:

“But Peter said, “Silver and gold I have not!, but I give you what I have; in the name of Jesus Christ of Nazareth, walk” (Acts 3:6).

So this year when your priest announces the annual “Peter’s Pence” collection (the collection for the Pope), remember that the pope is in the red – and I’m not talking about the liturgical rubrics…

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  • Sh’muel

    I couldn’t have thought of a better title for this post. Well done!

  • Tom

    Yes, but Peter’s poverty wasn’t due to paying off victims of sex abuse, while the Pope is suffering for the sake of sin.

    1Pe 2:20 ESV  “For what credit is it if, when you sin and are beaten for it, you endure? But if when you do good and suffer for it you endure, this is a gracious thing in the sight of God.”

    So when the Pope asks for money on “Peter’s Pence,” I hope everyone will remember that he’ll just use it for hush money while he moves pedophile priests from one congregation to another.