Pope Leo XIV has restored the salaries of cardinals and senior Vatican officials to their pre-Covid levels, reversing pay cuts introduced during the pandemic by his predecessor, Pope Francis.
The decision was announced in a papal decree issued on Monday, September 14, 2026, which was also Pope Leo XIV’s 71st birthday. The decree stated that the salary reductions were abolished with effect from September 1, 2026.
Pope Francis introduced the cuts in 2021 as the Vatican faced financial pressure caused by the Covid-19 crisis and persistent budget deficits. Cardinals’ salaries were reduced by 10 per cent, while senior Vatican officials had their pay cut by eight per cent.
Leo said the reductions had been “necessary to face the exceptional challenge of the pandemic” but could now be lifted. He added that Vatican institutions would continue working towards economic sustainability.
The decree clarified that the restoration would not apply retroactively.
A cardinal serving in the Roman Curia, the Catholic Church’s central administration, is estimated to earn between €4,500 and €5,000 ($5,200-$5,800) monthly.
The Vatican’s financial position has shown signs of improvement. In its annual report published in May, the Vatican bank reported a net profit of €51 million.
In a separate decree issued on Monday, Leo also cancelled a plan introduced by Pope Francis to move some Vatican archives outside the city-state. Instead, a new building will be constructed within the Vatican to house them.
The developments come as Pope Leo XIV continues to oversee the Vatican’s financial and administrative affairs following his election as the first US-born pope.