Pope, citing pandemic effect, cuts pay for cardinals, others – The Manila Times - News Summed Up

Pope, citing pandemic effect, cuts pay for cardinals, others – The Manila Times


VATICAN CITY: Trying to save jobs as the pandemic pummels Vatican revenues, Pope Francis has ordered pay cuts for cardinals and other clerics, as well as nuns, who work at the Holy See. In a decree published online Wednesday by the Vatican’s official newspaper L’Osservatore Romano, Francis said that starting in April cardinals’ salaries will be reduced 10 percent. In the decree he signed on Tuesday, the pope noted that the Holy See’s finances have been marked by several years of deficit. The Vatican’s economy minister has said that the dwindled Museums revenue, as well as a drop in what Catholics donate, would contribute to a projected 30 percent reduction in revenue this year. The pay cuts also apply to several Vatican basilicas in Rome as well as to the Vicariate, or diocese of Rome, which is under the pope’s direction.


Source: Manila Times March 24, 2021 17:03 UTC



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