Vatican City, Mar 24, 2021 / 08:00 am
Pope Francis issued a letter Wednesday cutting the salaries of some Vatican employees as a way to contain costs after the institution’s budget projected a deficit of $60 million in 2021.
The pope said that cardinals paid by the Vatican would have their salaries cut by 10%.
The pay of other high-ranking officials and employees of the Holy See and Vatican City State will also be reduced by 8%, and some clergy and religious employed by the Vatican will see their salaries lowered by 3%.
Raises, which occur automatically every two years, will also be suspended for some Holy See officials and Vatican employees until March 31, 2023, the pope decreed.
The measures, which also apply to the Vicariate of Rome, the papal basilicas, and other entities connected to the Vatican, will go into effect April 1.
In his March 23 apostolic letter, Pope Francis said that these actions were necessary for an “economically sustainable future” at the Vatican.
The pope said that the decision to reduce some salaries was made due to the ongoing deficit at the Holy See, which has been worsened by the coronavirus pandemic and its impact on some of the Vatican’s revenue sources,
One of the main sources of income for the Holy See is the Vatican Museums, which was forced to close for a large part of 2020 and the beginning of 2021.