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Pope Leo XIV Ends Vatican Pandemic Pay Cuts

Published Sep 14, 2026
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Summary:
  • Pope Leo XIV has revoked Covid-era salary reductions for cardinals and Holy See personnel.
  • The cuts, introduced by Pope Francis in 2021, were 10% for cardinals and 8% for staff across Vatican institutions.
  • The repeal is retroactive to Sept. 1; measures taken under the old rules still stand, and some provisions were already adjusted last year.

What Changed

Pope Leo XIV, an American who turned 71 on Monday, has scrapped the pandemic austerity rules with a formal decree. He wrote that the steps Francis put in place in 2021 were "necessary to address the exceptional challenge posed by the pandemic," and said the belt-tightening can now end "in the certainty that the institutions of the Holy See and Vatican City State will continue, through different means, their commitment to ensuring economic sustainability."

What Was Cut And What Was Tweaked

Back in 2021, Francis reduced compensation for cardinals by 10% and trimmed pay for workers across the Holy See and other Vatican entities by 8%. Those provisions were partly revised last year. Leo's move rolls back the remaining cuts five years after they were adopted.

Steady pay changes remind investors to review their plans and protect savings. Join Briefs Finance CEO Jaspreet Singh on September 29th for a FREE live investor workshop, How to Profit From A Dollar That's Losing its Value, where he shows how we're spotting investment opportunities as the dollar falls. Save your spot.

Timing And What Still Sticks

The rollback applies retroactively to Sept. 1. However, actions taken while the prior decree was active remain valid, including the freeze on pay increases that accrue with seniority. That means the cuts are gone, but the consequences of the earlier rules do not unwind.

When income shifts, prudent steps can help your portfolio stay resilient. Our CEO Jaspreet Singh is hosting a FREE live investor workshop, How to Profit From A Dollar That's Losing its Value, on September 29th. Sign up free to join him live.

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