2017 Financial Report of the Archdiocese of Malta: Rise in wage bill, higher subsidies contribute to lower surplus
10/08/2018-
In 2017, the Archdiocese of Malta registered a decrease of €1.44 million in its net surplus to €0.37 million, down from €1.81 million in 2016.
Expenditure went up due to the continuous drive to improve pastoral services, resulting in additional employees across the entities of the Archdiocese. Significant additions in human resources were registered in homes for the elderly, homes for children, homes for persons with a disability and the Archbishop’s Curia…