Cardinal George Pell – Prefect of the new Secretariat for the Economy
The Holy Father Pope Francis appointed Cardinal Pell to a new senior role in the Vatican on 25 February, Prefect of the Secretariat for the Economy.
This appointment and the creation of a new Vatican office is seen as one of the Holy See’s most significant reforms in a long time.
The former Archbishop of Sydney’s role will be to modernise and improve the Vatican’s financial processes to ensure they were more accountable and transparent.
Cardinal Pell will return to Sydney before relocating to Rome permanently to take up his new role.
Deeply honoured by the appointment the Cardinal; “If we can get things in order in a couple of years it will be a substantial achievement of this papacy.
“If we make better use of the resources entrusted to us we can improve our capacity to support the good works of the Church, particularly our works for the poor and disadvantaged.
A Faithful and Wise Manager
In appointing Cardinal Pell, Pope Francis issued his motu proprio or personal decree under the Latin title “fidelis dispensator et prudens” - a faithful and wise manager.
Soon after his election Pope Francis formed a Council of Cardinals to advise him on financial, business and matters of governance matters. Cardinal Pell was one of the eight cardinals and one of a committee of 15 to examine financial issues.
The Council recently submitted recommendations to the Holy Father including changes to existing structures, improvements in financial planning, reporting and auditing as well as the more formal involvement of senior lay experts in the policy making procedures.
The recommendations were accepted and the Holy Father asked Cardinal Pell to be the Cardinal Prefect of the Secretariat for the Economy. He will have authority over all economic and administrative activities within the Holy See and the Vatican City State. His responsibilities will also include preparing an annual budget for the Holy See and Vatican City State as well as financing planning and various support functions such as human resources and procurement.
Cardinal Pell’s extensive experience in business and economic management is widely recognised by those within and outside the church and amongst business leaders with whom, he has worked on various boards and committees.
Cardinal's latest Articles
- Boys' Troubles 16 Feb 2014
Last year a North American expert Kay S Hymowitz published a piece entitled "Boy Trouble.
- Candlemas Sunday 9 Feb 2014
Last Sunday was Candlemas Sunday, a feast which has slipped beneath the radar even in the Catholic Church.
- Red Mass 3 Feb 2014
We are gathered once again at the start of Law Term for the annual Red Mass sponsored by the St. Thomas More Society.
- The Presentation of the Lord 2 Feb 2014
It is unusual that the feast of the Presentation of Our Lord in the Temple is celebrated on a Sunday. I cannot remember when this last happened (It was 2003).
- The Family 2 Feb 2014
Family structures are in the news. The push for same sex marriage continues and in the campaign against random indiscriminate violence, against coward punches, the dysfunctional family life of many offenders surfaced briefly.
- Australia Day 26 Jan 2014
Australia Day should be when we rejoice in our national achievements, while giving thanks for who we are.
- 2nd Sunday in Ordinary Time 23 Jan 2014
Once again in these weeks of January, after celebrating the birth of Our Lord, we have the figure of John the Baptist, Jesus' cousin, pointing out Jesus' special status as someone greater than himself; who is in fact the "Chosen One of God".
- Violence 19 Jan 2014
King hitters are cowards. Public outrage over the killings and massive injuries to unsuspecting victims is entirely justified.