Pope FranciscoPope Francis Pope warns of organized crime trying to profit from pandemic Pope compares racism to virus Catholic priests promise to bless same-sex unions in defiance of Vatican MORE on Wednesday he issued a decree calling for a 10 percent pay cut for cardinals and a reduction in clergy salaries at the Vatican in an effort to save the jobs of other employees.
The Vatican announced the order, saying cuts will begin on the first day of April and lower-level employees will see no effect on their pay, according to Reuters.
Clergymen and other department heads will see a 3 to 8 percent pay cut with pay raises suspended until March 2023. Senior staff and other papal basilicas in the Vatican will also follow the same cuts, Reuters reported.
Cardinals who work and live in the Vatican or Rome are reportedly receiving salaries of between 4,000 and 5,000 euros a month, which will be reduced in accordance with the Pope’s order.
The pope has reportedly mentioned on several occasions that he did not want to fire any employees, the outlet noted.
The Vatican’s top economic official noted earlier this month that for the Holy See, which is the administrative body of the Catholic Church, nearly € 40 million in reserve funds may have to be used for the second year in a row as a result of the coronavirus pandemic. Reuters reported.
Due to COVID-19, the Vatican has been forced to close the Vatican museums, which provide much of its funding, for nearly 15 months. A deficit of around $ 59.77 million is reportedly expected this year.