Vatican cardinals to take 10 percent salary cuts from 1 April.
Pope Francis has cut the salaries of cardinals and other clerics working in the Vatican to save the jobs of employees amid the financial crisis caused by the covid-19 pandemic.
The pontiff’s ‘Motu Proprio decree orders cardinals to take a pay cut of 10 percent, with lesser cuts to other religious officials and lower-ranking clerical staff in the tiny sovereign city-state.
According to a statement released by the Vatican today, the move, which comes into force from 1 April, has been taken “given the deficit that has characterized the economic management of the Holy See for several years,” according to a statement released by the Vatican today.
The financial crisis has been aggravated by the “health emergency caused by the spread of covid-19, which has adversely affected all sources of revenue for the Holy See and Vatican City State.”
The cuts come amid the near-total absence of tourists and the Vatican Museums’ lengthy closures over the last 15 months, causing a significant fall-off in the Holy See’s finances.
The measures will also apply to senior staff of other papal basilicas in Rome. However, lower-level lay employees are not expected to be affected by the cuts.
Pope Francis, who has often insisted that he does not want to fire people, has taken the decision “to safeguard current jobs.”
According to Reuters, Cardinals who work at the Vatican and live there or in Rome are believed to earn salaries of about €4,000-5,000 a month.