VATICAN CITY
Rome Reports

[with video]

December 20, 2012. (Romereports.com) The Vatican said it will also be tightening its belt to face the current economic crisis. The department tasked wit overseeing money matters within the Vatican, the Prefecture of Economic Affairs, announced new guidelines to help manage costs.

CARD. GIUSEPE VERSALDI
President, Prefecture of Economic Affairs
“With these guidelines, we are giving back, on behalf of the superior authority, the original role for the Prefecture of Economic Affairs, as was the will of Pope Paul VI.”

The Vatican’s Secretary of State, Cardinal Tarcisio Bertone, signed the 34 point guidelines, which will go into effect right away. The measures aim to reduce costs in a gradual and effective manner. It also redefines the role of the Prefecture of Economic Affairs, in relation to other departments within the Vatican. Effective immediately, any of the prefecture’s caps on oversight and…