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The economic crisis caused by the coronavirus will not spare the Vatican either, and the Pope’s mini-state is expected to run a deficit of 50 million euros this year. Because of this, Pope Francis made a difficult decision by cutting the salaries of cardinals and other people in the church who work in the Vatican.
The archbishop issued an apostolic letter on Wednesday saying he would cut cardinals’ salaries by 10 percent starting April 1, and the salaries of priests and other church members would be reduced by 3-8 percent. . The papal record also states that the planned salary increases will be suspended until March 2023. According to the Pope, these steps are necessary so that no one has to be fired. Secular workers are not affected by austerity.
The Vatican budget also further affected the lack of tourism, with the huge neglect of having to close museums and other attractions that are often crowded with tourists. The personnel costs of the Holy See are important, for example, the cardinals’ salaries can be 5,000 euros per month, that is, at the current exchange rate it can be more than 1.8 million florins, to which Add up the housing allowance. (BBC)
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