The Church looks towards charity as it faces a loss of €870,000
The Church is calling out to its followers for help as its 2009 financial report shows that it is registering a financial crisis.
The financial report published by the Maltese Archdiocese reveals that the Church has registered an imbalance of €870,000, despite the State’s contributions to different entities.
In a note to its financial report, the Church said it was hopeful that Maltese Christians would "help us out in this time of need". In a press conference today, administrative secretary Mgr Anton Portelli said that the Church's reserves fund was running out and it is estimated that it will only last the archdiocese until the coming year.
Pastoral secretary Mgr Charles Cordina said that even though the deficit had gone down when compared to the 2008’s €1,017,780, the Church "still needs its followers to understand the costs behind the running of its services."
WATCH: Church's presentation of financial report (from Knisjamalta via YouTube)
“It is now the Church that is begging for people’s charity,” Portelli said, adding that the Church wishes to listen to its faithful’s ideas and suggestions "arising out of a genuine love of the Church”, in a bid to raise money.
Portelli explained that the loss is due to various factors including the increase in the cost of living. “The increase in general expenses, a decrease in the interest paid on fixed income investments and the ever increasing expenses required for the maintenance and restoration works of our old buildings are the cause of this unbalance.”
These operational costs amounted to €11,831,072 in 2009.
Portelli said that for the Church to keep on going with its missions, Maltese Catholics should acknowledge these realities and commit themselves to help the Church in every way possible, including through financial means.
During 2009, the Church invested €530,000 in pastoral services, of which €43,000 were invested in pastoral work amongst youths and €170,500 were invested in the Cana Movement. It also provides accommodation for around 400 immigrants.
The Church has also subsidised an amount of €242,000 to a number of homes which the elderly, children and persons with disabilities. Id-Dar tal-Providenza, one of these entities, has registered a loss of €486,000.
The Church’s Central Fund has invested €505,000 in order to support the Ecclesiastical Tribunal, an increase of 15% since 2008.
€351,000 were allocated to fund the Church’s media, in order to support RTK Radio, the TV unit and the Gensillum online.
In Malta only there are 70 parishes, 54 of which are run by the diocesan clergy. The remaining 16 are run by religious orders. The total amount collected through donations and money collections held in parishes amounted to €4,519,000 in 2009. This balance was 52% less than that of 2008.