New Vatican financial overseers
Pope Francis has announced sweeping changes to the Vatican’s bureaucracy, including a new secretariat for the economy to supervise financial affairs. Australian Cardinal George Pell has been named prefect of the new economics secretariat. He will report to a new 15-member economy council made up of eight cardinals reflecting various parts of the world and seven lay experts. any Vatican office.
A Vatican statement said the changes “will enable more formal involvement of senior and experienced experts in financial administration, planning and reporting and will ensure better use of resources, improving the support available for various programmes, particularly our works with the poor and marginalized.”