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Pope cuts Vatican salaries to ease budget deficit

March 24, 2021

» Continue to this story on Vatican Press Office

CWN Editor's Note: Prompted by “the deficit that has characterized the economic management of the Holy See for several years,” Pope Francis has cut salaries for Vatican officials and employees. The salaries of cardinals will be cut by 10%, and those of other ranking officials by 8%, while others will see a 3% cut. Pope Francis, who has rejected layoffs, said that the salary cuts should not apply to any employee who could demonstrate that he would be unable to meet his fixed expenses.

The above note supplements, highlights, or corrects details in the original source (link above). About CWN news coverage.

 


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  • Posted by: Randal Mandock - Mar. 25, 2021 4:06 PM ET USA

    With the crisis of parish closings in the U.S. and elsewhere, I expect Vatican budget problems to increase.