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Pope Francis reinforces centralization of Vatican finances | CPT PPP Coverage

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Pope Francis reinforces centralization of Vatican finances appeared on www.catholicnewsagency.com by Hannah Brockhaus.

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.



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