Pope Francis reinforces centralization of Vatican finances


Pope Francis speaks during his weekly general audience on Ash Wednesday Feb. 22, 2023. / Daniel Ibanez/CNA

Rome Newsroom, Feb 24, 2023 / 08:45 am (CNA).

In an apostolic letter on Thursday, Pope Francis reaffirmed that the property and assets of the Holy See are “ecclesiastical public goods,” not private property.

“The universal destination of the Holy See’s assets gives them an ecclesiastical public nature,” the pope wrote in the Feb. 23 motu proprio.

“The entities of the Holy See acquire and use [the assets] not for themselves, like the private owner,” he continued, “but, in the name and authority of the Roman Pontiff, for the pursuit of their institutional purposes, which are likewise public, and thus for the common good and at the service of the Universal Church.”

The document on the “inherent right” of the Holy See to acquire temporal goods reinforces the pope’s centralization of the Holy See’s finances.

Pope Francis established Thursday that “all property, movable and immovable, including cash and securities, which has been or will be acquired, in whatever manner, by the curial institutions and the institutions connected to the Holy See, are ecclesiastical public goods and as such owned, in title or other real right, by the Holy See.”

Property and other assets of the Holy See are entrusted to entities as “public trustees and not owners,” he said.

“Entrusted with certain goods,” Francis said, “the institutions of the Roman Curia and Holy See must administer them with prudence and good management according to the rules of the apostolic constitution Praedicate evangelium.”

If you value the news and views Catholic World Report provides, please consider donating to support our efforts. Your contribution will help us continue to make CWR available to all readers worldwide for free, without a subscription. Thank you for your generosity!

Click here for more information on donating to CWR. Click here to sign up for our newsletter.

About Catholic News Agency 7441 Articles
Catholic News Agency (www.catholicnewsagency.com)

1 Comment

  1. The solution to financial corruption in the Vatican is further centralization, giving more control to the same embezzlers. Of course – it’s the synodal way!

1 Trackback / Pingback

  1. Pope Francis reinforces centralization of Vatican finances | Franciscan Sisters of St Joseph (FSJ) , Asumbi Sisters Kenya

Leave a Reply

Your email address will not be published.

All comments posted at Catholic World Report are moderated. While vigorous debate is welcome and encouraged, please note that in the interest of maintaining a civilized and helpful level of discussion, comments containing obscene language or personal attacks—or those that are deemed by the editors to be needlessly combative or inflammatory—will not be published. Thank you.