"The Vatican is losing income to the equivalent of $ 475,000 daily due to closure of museums re Covid"

  • Thread starter Thread starter IanM
  • Start date Start date
Status
Not open for further replies.
I

IanM

Guest

Translation:

The Vatican closes its museums again and exacerbates its deficit for 2020​

The closure of the museums, which generated 400,000 euros in daily income for the Holy See before the pandemic, is a new blow to finances that already foresaw a red of 53 million euros by 2020​

The closure began and will be until December 3, in line with the new provisions announced throughout Italy to curb the second wave of coronavirus​

06.11.2020 Hernán Reyes Alcaide, Vatican Correspondent
The Vatican Museums , which received about 27,000 people a day before the pandemic, will close its doors until December 3. The Vatican closes its museums again from yesterday Thursday until December 3, in line with the new provisions announced throughout Italy to curb the second wave of coronavirus, which compromises its main source of income and exacerbates the deficit forecast for 2020 .

the Vatican Museums, receiving some 27,000 people the day before the pandemic, will close its doors this Thursday and until 3 December, announced an official statement , in line with the provisions announced in Italy to contain the spread of the Covid-19.

The closure of the museums, which generated 400,000 euros in daily income for the Holy See before the pandemic, is a new blow to finances that already foresaw a red of 53 million euros for 2020, according to a report by the secretariat for the Vatican Economy prepared in the middle of the year.

In the last five years, the Vatican’s income was around 270 million euros per year, and outflows were around 320 million per year, with a deficit that ranged between 60 and 70 million euros, and that this year will be aggravated by the coronavirus.

The new closure The number of museums, which remained without public between March and June during the first wave of the disease, will have a full impact on the balance of the Vatican, which already foresees a drop in revenue of at least 25% for this year.

An internal report of the Holy See made in May predicted a minimum drop in income of 25% for 2020 and that it could stretch to 45% if the epidemiological situation worsened and the possibility of new closures being established, such as the one that enters into valid today

In this framework, since its reopening in June, the museums received only 10% of the visitors they registered before the pandemic, according to official sources informed Télam.

After being closed for 85 days due to the restriction measures deployed in Italy since March, the Vatican Museums reopened on June 1 with a mandatory chinstrap reservation and use system with which they seek to guarantee the safety of visitors.

Continue in subsequent post
 
Continuation:

The decrease in the influx in the museums that house the Sistine Chapel by Michelangelo and The School of Athens by Raphael, among other works, causes an immediate effect on the coffers of the Vatican, in which the closure during March, April and May it caused losses of around 30 million euros.
 
I never look at things like this as money lost. It was never there, they didn’t lose it, they just didn’t get it.

I don’t feel any more badly for them than I do for everyone in the world that is affected by Covid. No one is untouched by it.
 
Status
Not open for further replies.
Back
Top