Council of the Economy at work

The most recent meeting of the Vatican's Council for the Economy is meeting this week. Yesterday, their encounter took place in the Sala Bologna at the Vatican Apostolic Palace and lasted all day long.  His Eminence, Reinhard Cardinal Marx presided over yesterday's meeting. The Secretary of State, His Eminence, Pietro Cardinal Parolin was also in attendance, as was His Eminence, George Cardinal Pell, Prefect of the Secretariat for the Economy.

Among the members previously appointed (cf. Communication dated March 8, 2014), His Eminence, Cipriani Cardinal Thorne was absent due to serious scheduling conflicts and Doctor Jean-Baptiste de Franssu, who presented his resignation from this body following his appointment as President of the Istituto per le Opere di Religione (IOR).  Mr. de Franssu's replacement will be announced in the near future.

The agenda for yesterday's meeting was mainly composed of a review of the Statutes of the Secretariat for the Economy and of the Auditor General, as well as a report on the transfer of the Ordinary Section of APSA to the Secretariat of the Economy (cf. Motu proprio dated July 8, 2014) and on the directions given to Vatican organizations in respect to the preparation of budgets and for matters of reporting.

The next meetings of the Council for the Economy are set for December 2, 2014 and February 6, 2015.  It is expected that at the end of these next two meetings, the work of defining the Statutes of the principal economic and administrative bodies (Council, Secretariat, Auditor General) will be completed.