Pope Francis: motu proprio creates Secretariat for Economy

(Vatican Radio) Pope Francis has issued a motu proprio announcing the setting up of a new financial structure to coordinate and oversee the finances of the Holy See and Vatican City State.

Monday’s announcement comes after several days of meetings of both the Council of 8 Cardinals, established by Pope Francis to advise on reform of the Curia and governance of the Universal Church, and the Committee of 15 Cardinals which oversees the economic affairs of the Holy See. 

Australian Cardinal George Pell of Sydney will head a new Secretariat for the Economy which will be responsible for annual budgets and have authority over all the Holy See’s administrative activities. 

Click here for the full text of Fidelis dispensator in English.

Click below to hear Philippa Hitchen's report: