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.