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Secretariat for the Economy

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Secretariat for the Economy (Vatican)

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The Secretariat for the Economy is a central office of the Roman Curia, holding authority over the economic and financial affairs of the Holy See and Vatican City State. Established in February 2014 by Pope Francis through the motu proprio 'Fidelis dispensator et prudens,' it aimed to enhance transparency and administrative efficiency. The department is tasked with auditing budgets, controlling the expenditures of various Vatican departments, and implementing international accounting standards. Economically, the Secretariat functions as a regulatory body, ensuring that the Church's resources are managed responsibly and aligned with its mission. Its structure includes a Council for the Economy composed of cardinals and lay experts, reflecting a modern approach to governance. The headquarters is located within the Casina Pio IV in the Vatican Gardens, a site of significant historical importance. Today, the Secretariat plays a pivotal role in reforming Vatican finances and preventing financial misconduct.

Best time to visit & climate

The most pleasant time to visit is May, Jun, Sep.

JanFebMarAprMayJunJulAugSepOctNovDec
Avg °C781014182326262117128
Rain mm7377695657342626708211492

📋 Practical info

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What is this place?
The Secretariat for the Economy is a Vatican dicastery responsible for overseeing all economic activities of the city-state. It ensures transparency and efficiency in the Vatican's financial administration.
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Visiting
The Secretariat is a purely administrative building and not open to the public. It is located in a non-public area of the Vatican.
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Where to view it
There is no viewpoint of the building as it is in a restricted area. The surrounding Vatican architecture can be viewed from public streets.
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Local products
There are no direct products as it is an administrative unit. The economic decisions of the Secretariat indirectly affect the availability and prices of Vatican goods.
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Active season
The Secretariat operates year-round, with a particularly intensive period during the annual budget process. Economic reports are typically published quarterly.
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Nearby
The area around the Secretariat is not developed for tourists. Visiting other Vatican institutions such as the Vatican Museums nearby is recommended.

Geography

Coordinates
41.90380, 12.45280

Facts

  • Established on February 24, 2014, by Pope Francis.
  • Conducts annual external audits of Vatican financial statements.
  • Headquartered in the historic Casina Pio IV within the Vatican Gardens.
  • Comprised of 15 members: 8 cardinals and 7 lay financial experts.
  • Implements International Financial Reporting Standards (IFRS) in the Vatican.
  • Holds authority over human resources and personnel management in the Curia.

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Sights in the town Secretariat for the Economy (10)

Pius IV House

Renaissance palace, seat of the Pontifical Academy of Sciences.

Galleria delle Carte Geografiche🏛 museum

Long gallery lined with 40 large 16th-century painted maps of Italy, part of the Vatican Museums.

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Raphael Rooms🏛 museum

Suite of four reception rooms in the Vatican Palace, frescoed by Raphael and his workshop 1509-1524.

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Belvedere Courtyard

Large courtyard of the Vatican Palace, designed by Donato Bramante in the 16th century.

Sistine Chapel

Chapel in the Apostolic Palace, famous for Michelangelo's ceiling frescoes and The Last Judgment.

Galleria degli Arazzi🏛 museum

Gallery displaying 16th-century Flemish tapestries depicting biblical scenes.

Cupola di San Pietro

Dome of St. Peter's Basilica in Vatican City, designed by Michelangelo.

Dome of Saint Peter

Dome of St. Peter's Basilica in Vatican City, climbable for panoramic views.

Tower of the Winds🗼 tower

Octagonal tower in Vatican City, built in the 16th century as an observatory.

Pauline Chapel

Chapel in the Apostolic Palace, featuring Michelangelo's frescoes Conversion of Saul and Crucifixion of Peter.

Sights nearby

Frequently asked questions

What is the Secretariat for the Economy?
It is the authority responsible for financial control and planning of the Vatican.
Who founded this authority?
It was established in 2014 by Pope Francis as part of his curial reform.
Where are the offices located?
The offices are located in the San Giovanni Tower within the Vatican Gardens.
Can you visit the offices?
No, it is a closed administrative unit with no public access.
What is the difference from the Vatican Bank?
The Secretariat is a control and planning authority, while the bank provides financial services.
Secretariat for the Economy: where is it located?
Secretariat for the Economy is located in Vatican.
Secretariat for the Economy: what is there to see?
Highlights include Pius IV House, Galleria delle Carte Geografiche, Raphael Rooms.
Secretariat for the Economy: when is the best time to visit?
The most pleasant time to visit is May, Jun, Sep.
Secretariat for the Economy: why is it worth visiting?
The Secretariat for the Economy is a central office of the Roman Curia, holding authority over the economic and financial affairs of the Holy See and Vatican City State.
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History & landmarks

Bunker Access — Secretariat for the Economy (Vatican)
Bunker Access
A secured access point to underground structures within the Vatican walls.
Fountain of the Galley — Secretariat for the Economy (Vatican)
Fountain of the Galley
A decorative fountain in the Vatican Gardens evocative of maritime themes.
Typography Street — Secretariat for the Economy (Vatican)
Typography Street
The central street of the Vatican's publishing district, home to the printing presses and editorial offices of official media.
Observatory Crest — Secretariat for the Economy (Vatican)
Observatory Crest
An elevated point in the north of the Vatican Gardens where astronomical observations formerly took place.

Nature

Radio Tower Hill Rise — Secretariat for the Economy (Vatican)
Radio Tower Hill Rise
A distinct rise in the terrain, on which the radio transmitter tower of Vatican Radio stands.

More places

Palace of Leo XIII — Secretariat for the Economy (Vatican)
Palace of Leo XIII
This elegant building in the Vatican Gardens was designed as a summer residence for Pope Leo XIII.
Gallery of Maps — Secretariat for the Economy (Vatican)
Gallery of Maps
A 120-meter long corridor painted with 16th-century topographical maps of Italy.
Governatorato Palace — Secretariat for the Economy (Vatican)
Governatorato Palace
The administrative center of Vatican City, housing the government of the state.
Storage Annex — Secretariat for the Economy (Vatican)
Storage Annex
A functional building used for the storage of operational materials.
St. Peter&#39;s Dome — Secretariat for the Economy (Vatican)
St. Peter's Dome
The most distinctive feature of Rome's skyline, designed by Michelangelo.
St. Peter&#39;s Basilica — Secretariat for the Economy (Vatican)
St. Peter's Basilica
The world's largest church, built over the burial site of St.
San Damaso Courtyard — Secretariat for the Economy (Vatican)
San Damaso Courtyard
The primary courtyard of the Apostolic Palace, where the Holy See's protocol receives visiting heads of state and diplomatic missions.
Canons&#39; Palace — Secretariat for the Economy (Vatican)
Canons' Palace
This monumental residential complex houses the canons of St.