Vatican City released its first real estate holding information on Saturday, revealing that it owns more than 5,000 real estate as part of its most detailed financial disclosure to date.
This information was included in two documents from the Administration of the Patrimony of the Holy Land (APSA), the 2020 consolidated financial statements and the first ever public budget.
APSA, a type of general account firm, manages real estate and investments, pays salaries, and acts as a purchasing office and human resources department. The APSA budget on page 30 shows that it owns 4,051 properties in Italy and approximately 1,120 properties abroad, excluding embassies around the world.
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The Vatican released information on its real estate holdings for the first time on Saturday, revealing it owns more than 5,000 properties as part of its most detailed financial disclosures ever. https://t.co/2iZGEssok6
— CTV Lethbridge (@CTVLethbridge) July 24, 2021
— Reuters World (@ReutersWorld) July 24, 2021
The Vatican says it owns 4,051 properties in Italy and 1,120 abroad, not including embassies.
The information has been published for the first time, ahead of a trial looking into the purchase of a property in London. https://t.co/io4TDVjNKB
— POLITICOEurope (@POLITICOEurope) July 24, 2021
Today: Vatican says Roman Curia had a $78 million deficit in 2020. and Administration of the Patrimony of the Holy See, which oversees Vatican properties and investment,s made a summary of its annual budget public for first time.https://t.co/2QTAcZuolC
— Catholic News Service (@CatholicNewsSvc) July 24, 2021
You know it’s entirely possible that the Mormon church has more money than the Vatican https://t.co/Uo2oqG4DfK
— Charles Hoskinson (@IOHK_Charles) July 24, 2021