Secretariat for the Economy

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This article is about the dicastery of the Roman Curia. For the Mexican Ministry of Economy, see Secretariat of Economy.
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The Secretariat for the Economy (Italian: Segreteria per l'Economia) is a dicastery of the Roman Curia with authority over all economic activities of the Holy See and the Vatican City State.[1] Pope Francis ordered the establishment of the secretariat in a motu proprio, Fidelis dispensator et prudens, published on 24 February 2014. It is headed by a cardinal-prefect, who reports directly to the Pope.[2] It is, after the Secretariat of State, the second dicastery named a secretariat, an indication of its importance relative to other parts of the Curia.[3] The seat of the secretariat is in Saint John's Tower in the Vatican Gardens.[4]

George Pell, Archbishop of Sydney, was named the secretariat's first prefect and "asked to start work as soon as possible".[5] Pell said he would begin work at the Vatican "by the end of March".[6] The Pope also announced the formation of a Council for the Economy to set policy guidelines for the secretariat and analyze its work. The council comprises eight cardinals or bishops and seven lay persons "with strong professional financial experience", chosen so that the body represents the global church. These members were named on 8 March.[5][7] The council is headed by a cardinal coordinator, currently Reinhard Marx.[8] The Pope will also appoint an auditor-general.[8]

A meeting of the Council for the Economy, was held in September 2014 to discuss the statutes of this institution. During the meeting, the Council will also discuss the transfer of competences from the Administration of the Patrimony of the Apostolic See to the Secretariat for the Economy and the criteria for drawing up a budget balances system.[9]


On 3 March, Pope Francis appointed Monsignor Alfred Xuereb as the first General Secretary of the Secretariat.[10] On 22 March, Pope Francis appointed Monsignor Brian Ferme, a British-born jurist and head of the St. Pius X Faculty of Canon Law in Venice, as the first Prelate Secretary of the Council that oversees the Secretariat.[11]

In an Motu proprio issued on 9 July 2014 the responsibilities of the Secretariat for the Economy were extended considerably, since it decreed that the Ordinary Section of the Administration of the Patrimony of the Apostolic See (APSA) is to be transferred to the Secretariat,[12] giving the latter control over purchasing and human resources.[13]

Cardinal Leadership and Membership[edit]

See also[edit]

Sources[edit]

  1. ^ "New Coordination Structure for the Economic and Administrative Affairs of the Holy See and Vatican City State". Holy See Press Office. 24 February 2014. Retrieved 24 February 2014. 
  2. ^ Reese, Thomas (24 February 2014). "Cardinal Pell is new Vatican financial watchdog". National Catholic Reporter. Retrieved 25 February 2014. 
  3. ^ Allen Jr., John L. (25 February 2014). "Financial reform shows crafty political side of pope". Boston Globe. Retrieved 25 February 2014. 
  4. ^ Andrea Gagliarducci (3 March 2014). "Pope Francis observes, judges, and acts. And begins establishing a parallel Curia". MondayVatican. Retrieved 3 March 2014. 
  5. ^ a b "Australian Cardinal to head new Vatican Secretariat for Economy". News.va. 24 February 2014. Retrieved 24 February 2014. 
  6. ^ Rocca, Francis X. (24 February 2014). "Pope establishes panel, with lay members, to oversee Vatican finances". Catholic News Service. Retrieved 25 February 2014. 
  7. ^ http://press.vatican.va/content/salastampa/en/bollettino/pubblico/2014/03/08/0171/00360.html
  8. ^ a b "Motu proprio "Fidelis dispensator et prudens" for the Management of the Economic Assets of the Holy See". Vatican Information Service. Retrieved 26 February 2014. 
  9. ^ [1]
  10. ^ Tornielli, Andrea (3 March 2014). "Francis appoints Fr. Xuereb as secretary general of the Vatican's new economy secretariat". Vatican Insider. Retrieved 3 March 2014. 
  11. ^ "English jurist priest appointed Secretary of the Council for the Economy". Vatican Insider. 22 March 2014. Retrieved 23 March 2014. 
  12. ^ "New Economic Framework for the Holy See". Vatican Information Service. 9 July 2014. Retrieved 13 July 2014. 
  13. ^ John L. Allen, Jr. (9 July 2014). "After scandals, Vatican aims to be model on finances". Boston Globe. Retrieved 13 July 2014.