American Cardinal Robert Prevost has changed his life. The Conclave elected him in the order of 267. The Pope of the Catholic Church. The elected Pope accepted the name Migrate. You may be one of the people who are wondering whether the Pope is paying a salary. As it recalls, the Vatican provides everything it needs for the head of the Roman Catholic Church – from food accommodation to travel, health care and safety.
The Pope is entitled to a monthly salary of EUR 2500. The late Pope Francis († 88) was known for led a humble and modest life. During his pontificate he actively rejected any personal income. The head of the church traditionally lives in a flashy apostolic palace, but Francis decided to stay in the house of St. Martha, where he last breathed on April 21.
Although he did not receive wages, he was far from being poor. The estimates of the net assets of František, which included access to papal property and services funded by the Vatican, was around EUR 14 million. He also had access to the fleet, official residences and the opportunity to give generous gifts to charity.
The smallest sovereign state in the world gets money from a combination of gifts, income from investment, income from tourism and Vatican museums. It might seem that the Vatican is not deep into the pocket, but the financial situation is not stable. In 2023, a dizzying operating deficit reported EUR 83 million, which caused Pope Francis concerns about the long -term sustainability of the pension fund for Vatican employees.
In response to persistent financial problems, which was aggravated by the pandemic, Francis introduced a widespread salary reduction in 2021. Cardinals who earned EUR 4000 to 5500 per month had reduced salary by 10 %. The bishops now take approximately € 3,000 a month, while ordinary priests in Rome on average 1200 euros. Monks and nuns who often consist of poverty promises generally do not receive any salary unless the administrative functions within the Church are in charge.
