Pope Issues New Spending Regulations

POPE FRANCIS HAS ISSUED NEW ANTI-CORRUPTION REGULATIONS FOR AWARDING VATICAN CONTRACTS

(CNN) – Pope Francis has issued new regulations for Vatican spending.

The move is an attempt to boost transparency following a financial scandal last October involving a secret $200 million London property purchase.

The new regulations are also aimed at reducing spending.

A Vatican official says the church has felt the financial pressure of the economic downturn caused by the coronavirus.