ACI Prensa Staff, 28 October, 2024 / 7:40 pm (ACI Africa).
Pope Francis has decided to cut the salaries of the cardinals working at the Vatican again, a measure that will take effect Nov. 1.
According to the Italian ANSA news agency, layman Maximino Caballero Ledo, the prefect of the Secretariat for the Economy, informed the cardinals of the Holy Father’s decision in a letter dated Oct. 18, almost a month after another letter from Pope Francis on the subject.
Specifically, the cut in salaries or stipends will be in two areas: the “secretarial bonus” and the “office compensation,” two methods that were part of the monthly allowances and that will no longer be paid.
Although the Vatican does not specify how much a cardinal working in the Vatican receives, ANSA indicated that it is approximately 5,500 euros a month (about $65,000 a year). With the current cut, that amount would decrease by about 500 euros ($540).
In his letter to the cardinals, Caballero also pointed out that there are “other measures, which are being studied by the competent bodies,” and that “will require the contribution of everyone.”
