Council for the Economy

  1. The Council for the Economy is established as an entity having oversight for the administrative and financial structures and activities of the dicasteries of the Roman Curia, the institutions linked to the Holy See, and the Vatican City State.
  2. The Council for the Economy is composed of 15 members, of whom 8 are chosen from Cardinals and Bishops reflecting the catholicity of the Church and 7 are lay experts of various nationalities with recognized professional financial competence.
  3. The Council for the Economy is chaired by a Cardinal Coordinator.

Secretariat for the Economy

  1. The Secretariat for the Economy is established as a dicastery of the Roman Curia in conformity with the Apostolic Constitution Pastor Bonus.
  2. In keeping with the policies established by the Council for the Economy, the Secretariat is directly responsible to the Holy Father and is competent for the economic control and vigilance over the agencies mentioned in Point 1, including policies and procedures concerning purchasing and the suitable allocation of human resources, with due regard to the competencies proper to each agency. The competence of the Secretariat therefore extends to all that in whatsoever manner concerns such material.
  3. The Secretariat for the Economy is presided over by a Cardinal Prefect, who acts in collaboration with the Secretary of State. A Prelate Secretary General is charged with assisting the Cardinal Prefect.

Auditor General

  1. An Auditor General is appointed by the Holy Father and is empowered to conduct audits of the agencies …

Statutes

  1. The Cardinal Prefect is responsible for the preparation of the definitive Statutes of the Council for the Economy, the Secretariat for the Economy and the office of Auditor General. The Statutes are to be presented quam primum for approval to the Holy Father.
  2. dispose that everything here established have immediate, full and lasting force, also abrogating all norms to the contrary, and that the present Apostolic Letter issued Motu Proprio be published in the 24-25 February 2014 edition of L’Osservatore Romano and thereafter in Acta Apostolicae Sedis. 1

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