Vatican cuts monthly pay for Catholic cardinals in Rome | CPT PPP Coverage
Cryptopolytech (CPT) Public Press Pass (PPP)
News of the Day COVERAGE
200000048 – World Newser
•| #World |•| #Online |•| #Media |•| #Outlet |
View more Headlines & Breaking News here, as covered by cryptopolytech.com
Vatican cuts monthly pay for Catholic cardinals in Rome appeared on www.asiaone.com by AsiaOne.
VATICAN CITY — The Vatican is cutting the already shrinking pay packages of cardinals who head the Catholic Church’s top offices in Rome by about 10 per cent or 500 euros (S$710) a month as the pope pursues a “zero deficit” agenda of greater thrift.
The cardinals will no longer receive two monthly allowances that are often used to defray the cost of hiring personal secretaries, said a note written by Maximino Caballero Ledo, a Spanish layman who heads the Vatican’s finance ministry.
The Vatican press office did not respond to a request for comment, but a senior Vatican official provided the letter to Reuters.
Caballero said in the letter, dated Oct 18, that he was acting at Pope Francis’ request and that the cuts would go into effect on Nov 1.
They affect only cardinals who serve as heads of the Vatican’s various departments in Rome: about 20 of the world’s more than 230 “princes of the Church”.
Cardinals in Rome receive a monthly stipend believed to be around 4,000 to 5,000 euros, according to Italian media reports. The scrapped allowances are estimated at around 500 euros.
Francis has recently prioritised cutting Vatican spending.
He wrote an unusual letter last month to all the world’s cardinals, asking them to pursue a “zero deficit” agenda to help improve the Vatican’s economic standing and promote “a spirit of essentiality, avoiding the superfluous and selecting our priorities well”.
Francis previously ordered a 10 per cent pay cut for cardinals in Rome in March 2021, as the Vatican reeled from the impact of reduced tourism during the coronavirus pandemic.
He also began to eliminate subsidised rents for cardinals and other top Vatican officials in 2023.
The headquarters of the Church comprises two entities, the internationally recognised sovereign entity of the Holy See and the Vatican, a 108-acre city-state surrounded by Rome.
They maintain separate budgets, and Vatican City income, including from the popular Vatican Museums, has often been used to plug deficits in the Holy See’s budget.
ALSO READ: Beijing gets new Catholic bishop, days after Vatican-China deal renewal
FEATURED ‘News of the Day’, as reported by public domain newswires.
View ALL Headlines & Breaking News here.
Source Information (if available)
This article originally appeared on www.asiaone.com by AsiaOne – sharing via newswires in the public domain, repeatedly. News articles have become eerily similar to manufacturer descriptions.
We will happily entertain any content removal requests, simply reach out to us. In the interim, please perform due diligence and place any content you deem “privileged” behind a subscription and/or paywall.
CPT (CryptoPolyTech) PPP (Public Press Pass) Coverage features stories and headlines you may not otherwise see due to the manipulation of mass media.
First to share? If share image does not populate, please close the share box & re-open or reload page to load the image, Thanks!