Budget Cuts: Vatican Takes the Money From Its Employees

Francis issued a March 24 Moto Proprio which slashes the salaries of the Curia cardinals by 10%, and the salaries of other senior Curia staff by 8 or 3%.

The inflation-adjusted salary increase for Vatican employees is already on hold through March 2023 although the current inflation rate in Italy is at 0.6%.

The salary reduction will start on April 1. It aims at curbing the Vatican's Covid deficit.

Picture: © Mazur, CC BY-NC-ND, #newsEuoudhtxdc

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Ultraviolet

Mar 24, 2021

"Cardinals get 5,000 euros a month. That’s $68,000 per year Fr. Pagano adds, "Yeah, but they get apartments. Those apartments are subsidized."
So now these Cardinals will make only a paltry $61,200 a year and they still don't have to pay for housing. Wow... that's rough. ;-)More

"Cardinals get 5,000 euros a month. That’s $68,000 per year Fr. Pagano adds, "Yeah, but they get apartments. Those apartments are subsidized."

So now these Cardinals will make only a paltry $61,200 a year and they still don't have to pay for housing. Wow... that's rough. ;-)

Tree

Mar 24, 2021

n an unprecedented move of fraternity Sir Elton John and Mario Bergoglio announce a series of benefit concerts to save the Vatican from bankruptcy