Catholic church okays pay cut for Priests, suspends salary increase

Catholic church okays pay cut for Priests, suspends salary increase

.

The Catholic church has announced a pay cut for Cardinals and other Clerics from April. The measure is aimed at safeguarding current jobs in post
Covid-19
era.

POPE FRANCIS

The Pope has previously said that he does not want to fire people in difficult economic times.

In an apostolic letter on Wednesday (in Italian), the Vatican said that Francis, suspended its proposed salary increases will be suspended until March 2023.

The letter said Priests and other Clerics will see their salaries cut by between 3 percent and 8 percent while Cardinals will see their pay reduced by 10 percent.

“An economically sustainable future today requires, among other decisions, the adoption of measures concerning staff salaries.

It said action was being taken “following the health emergency caused by the spread of Covid-19 which negatively affected all sources of income of the Holy See and the Vatican City State”, the letter read.

According to the BBC, Priests are believed to receive up to €5,000 (£4,300; $5,900) a month and often live in subsidised accommodation.

The Vatican expects a deficit of €50m this year. Its income has been badly hit by the closure of museums and other attractions in the pandemic.

Vatican spokesman quoted by Reuters said most lay employees would not be affected by the cuts.

ALSO READ:  Buhari condemns killing of Catholic Priest

But popular tourist destinations of St. Peter’s Basilica and the Vatican Museums were closed or only partially open for much of last year because of the pandemic.

The Vatican had hoped to reopen the museums this month but a new lockdown across Italy means they must stay closed.

There are predictions that the Vatican’s top economic official warned that the Holy See might have to use €40m in reserves for the second year running as a result of the pandemic while revenues for this year are expected to be down 30% from 2020.

 6 total views

editor
AUTHOR
PROFILE

Posts Carousel

Leave a Comment

Your email address will not be published. Required fields are marked with *

Latest Posts

Top Authors

Most Commented

Featured Videos

 5 total views

ALSO READ:  Electricity cut over N1.9bn debt puts pressure on Niger government
get_footer(); ?>