VATICAN CITY
Vatican Information Service – Bolletino
Press Conference for the presentation of the New Economic Framework for the Holy See
Introduction by Cardinal George Pell
Attachments
At 12 noon today, in the Aula Giovanni Paolo II of the Holy See Press Office, a press conference will be held on the theme: “New economic framework for the Holy See”.
Speakers: Cardinal George Pell, Prefect of the Secretariat for the Economy; Joseph F.X. Zahra, Deputy Coordinator of the Council for the Economy; Jean-Baptiste de Franssu, Member of the Council for the Economy; Ernst von Freyberg, President of the Supervisory Council of the Institute for the Works of Religion (IOR).
Introduction by Cardinal George Pell
His Eminence Cardinal George Pell, the Cardinal Prefect of the Secretariat for the Economy today announced several important new initiatives to improve the economic and administrative management of the Holy See and Vatican City State.
These changes initiated by the new Secretariat for the Economy follow detailed analysis of the findings and recommendations of Pontificia Commissione Referente di Studio e di Indirizzo sull’Organizzazione della Struttura Economico-Amministrativa della Santa Sede (COSEA) and are considered essential to address identified weaknesses and risks while also creating a new platform for improved economic management in the future.
All changes have been endorsed at the recent meetings of the Council for the Economy (July 5) and the Council of Cardinals (July 1 – 4) and approved by the Holy Father.
The changes affect:
1. APSA
2. PENSION FUND
3. VATICAN MEDIA
4. IOR
Cardinal Pell said he was delighted the Holy Father had approved these important initiatives and he and the Council for the Economy are grateful for his regular input and constant support.
“There are many challenges and much work ahead. It is clear from the work of COSEA that a number of issues, such as the transfer of APSA’s Ordinary Section, Pension Fund, Vatican Media and IOR need to be addressed urgently. The Holy Father has made it clear these changes should move forward expeditiously.”
The Cardinal Prefect also announced the establishment of a small Project Management Office (PMO), led by Mr. Danny Casey formerly Business Manager of the Sydney archdiocese, to implement and introduce some of the proposed changes beginning with the transfer of APSA’s Ordinary Section into the Secretariat for the Economy. The PMO will report directly to the Prefect of the Secretariat for the Economy.
The Secretariat for the Economy will begin in September 2014 to prepare the budget for 2015. The goal is for each dicastery and administration to prepare a budget to be followed. Expenditure (within agreed framework) will be the responsibility of each dicastery and administration. Expenditure will be checked against the budgets during 2015 and any over-expenditure will be the responsibility of the dicastery and administration involved.
“We look forward to moving ahead with this work in the coming months.”
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