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Vatican has lost more than $100 million from COVID-19 pandemic

Vatican has lost more than $100 million from COVID-19 pandemic

CBSN
Thursday, April 01, 2021 07:35:41 PM UTC

Saint Peter's Square in Rome, Italy, will be quiet for a second Easter in a row as the COVID-19 pandemic continues to keep tourists away from Vatican City.

The Vatican depends on tourists for revenue through donations, museum ticket sales and visits to sites like the Sistine Chapel, one of Italy's most popular tourist attractions. This year's lack of tourists is affecting the Vatican's bottom line and forcing pay cuts of up to 10% for cardinals, priests and nuns who work at the Holy See. The Vatican is facing a $108 million shortfall, according to CBS News Vatican contributor Monsignor Anthony Figueiredo. It's the latest blow to the Catholic Church, which has seen a decline in members and ongoing controversy over sex abuse scandals. 
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