Home World News America United States San Diego Daily Pope Leo XIV repeals COVID-era pay cuts to Vatican cardinals
San Diego Daily

Pope Leo XIV repeals COVID-era pay cuts to Vatican cardinals

Pope Leo XIV repeals COVID-era pay cuts to Vatican cardinals thumbnail

Pope Leo XIV has officially repealed the salary cuts Pope Francis imposed on cardinals and other senior officials working in the Roman Curia.

In a decree published by the Vatican on Sept. 14, the pontiff canceled the cost-cutting measures Francis had established in 2021 to address the Vatican’s financial deficit that year, projected at $60 million.

A Vatican cardinal’s monthly stipend is about $5,768 (5,000 euros). Under those measures, the Vatican cut cardinals’ stipends by 10%.

Francis had previously described these cuts in a March 2021 decree as necessary for an “economically sustainable future” at the Vatican.

Those measures, introduced during the COVID-19 pandemic, also reduced the pay of other senior officials and employees of the Holy See and Vatican City State by 8%. Clergy and religious employed by the Vatican saw their salaries reduced by 3%.

Leo stated in his motu proprio that those salary cuts “may now be set aside, in the certainty that the Institutions of the Holy See and of the Vatican City State will continue, through different means, their commitment to ensuring economic sustainability.”

Read More

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Atonement Director on Iraq War Drama Overlapping With Iran-U.S. Conflict

As director Reed Van Dyk brought his 2003 Iraqi war drama about...

FSCC seeks to reinforce financial system buffers amid lingering global risks

Buildings in the Taguig central business district are seen in this file...

High bond yields complicate Philippine government’s push to boost spending

BW FILE PHOTO By Justine Irish D. Tabile, Senior Reporter ELEVATED BOND...