The Los Angeles Post
U.S. World Business Lifestyle
Today: April 12, 2025
Today: April 12, 2025

Pope Francis tells Vatican media operations to expect budget cuts

Pope Francis holds weekly general audience, in St. Peter's Square
October 31, 2024
Joshua McElwee - Reuters

By Joshua McElwee

VATICAN CITY (Reuters) - Pope Francis on Thursday told employees of the Vatican's extensive multi-language media operations to expect budget cuts as part of wider belt-tightening efforts that have recently targeted cardinals.

In a meeting with the department that oversees the Vatican's newspaper, TV operations, and radio and internet broadcasts, the pope did not offer specifics. He told staff members to "exercise a bit more discipline with money".

"You need to find ways to save more and seek other funds, as the Holy See cannot continue to support you as it does now," Francis said, adding to a prepared speech.

The Vatican press office did not immediately respond to questions about the remarks.

Earlier this month, the pope ordered the third reduction in three years for the pay packages of the cardinals who lead Vatican departments. He has also asked them to pursue a "zero deficit" agenda.

The Vatican's Dicastery for Communication has hundreds of personnel and takes up a big chunk of the city-state's budget. It includes Vatican Media, which provides TV, radio and internet services in more than 50 languages.

The Vatican has not released a full budget statement in several years.

In 2022, the Vatican's chief financial office estimated the Dicastery's budget at 40 million euro ($43 million), a sum totalling more than the cost of the entire Vatican diplomatic operation, including its hundreds of foreign embassies.

The headquarters of the Catholic Church comprise two entities: the internationally recognised sovereign entity of the Holy See and the Vatican, a 108-acre city-state within Rome.

They maintain separate budgets, and Vatican City income, including from the popular Vatican Museums, has often been used to plug the Holy See's deficit, which according to Italian media stood at around 83 million euros ($90 million) last year. ($1 = 0.9200 euros)

(Reporting by Joshua McElwee, editing by Alvise Armellini and Hugh Lawson)

Related

Business|Economy|Political|Technology|World

Kevin O'Leary says US has to train China 'like a puppy'

Business|Economy|Political|Technology|US

Smartphones and computers are now exempt from Trumpโ€™s latest tariffs

Business|Economy|Political|Technology|US

Judge relaxes ban on DOGE access to sensitive US Treasury information

Business|Economy|Political|Technology|US

Trump administration says it will exclude some electronics from reciprocal tariffs

Local

News|Local

Southern California Edison announces plan to underground power lines

News|Local

Disney to leave historic Fox Studio Lot, ending legacy

News|Local

Palisades Recreation Center to be rebuilt

Arts|Celebrity|Entertainment|Local|News|WrittenByLAPost

Weezer bassist to play Coachella despite wifeโ€™s arrest

Share This

Popular

Business|Economy|Political|Technology|World

Kevin O'Leary says US has to train China 'like a puppy'

Kevin O'Leary says US has to train China 'like a puppy'
Business|Economy|Political|Technology|US

Smartphones and computers are now exempt from Trumpโ€™s latest tariffs

Smartphones and computers are now exempt from Trumpโ€™s latest tariffs
Business|Economy|Political|Technology|US

Judge relaxes ban on DOGE access to sensitive US Treasury information

Judge relaxes ban on DOGE access to sensitive US Treasury information
Business|Economy|Political|Technology|US

Trump administration says it will exclude some electronics from reciprocal tariffs

Trump administration says it will exclude some electronics from reciprocal tariffs

Europe

Europe|Political|US|World

Russia's Lavrov praises Trump's understanding of Ukraine conflict

Russia's Lavrov praises Trump's understanding of Ukraine conflict
Business|Economy|Europe|Political

UK lawmakers approve rescue of British Steel in emergency parliamentary session

UK lawmakers approve rescue of British Steel in emergency parliamentary session
Business|Economy|Europe|Finance|Political

Italy not planning to use EU budget leeway for defence spending boost

Italy not planning to use EU budget leeway for defence spending boost
Education|Europe|Political|US

Students, parents say anti-DEI push is a hindrance to learning at DOD schools

Students, parents say anti-DEI push is a hindrance to learning at DOD schools

Access this article for free.

Already have an account? Sign In