The commission, made up of seven lay people and a Vatican monsignor, will recommend reforms to avoid wasting money, improve transparency in buying goods and services, better administer the Vatican's vast real estate holdings and ensure correct accounting principles, among other things, according to the legal document creating the commission.
Francis has made clear that he has no tolerance for waste, financial or otherwise, denouncing consumerism and the world's "throw away" culture. He has made reaching out to the world's poor and marginalized with a more missionary church his main priority. He has also proven himself to be a decisive administrator, seeking counsel from others but acting alone.
On the one-month anniversary of his election, Francis named eight cardinals to help him govern the universal church and study an overall reform of the Vatican bureaucracy. The Holy See has been criticized for having offices with overlapping functions which nevertheless operate as individual fiefdoms that don't communicate with one another.
Last month, he named a commission of inquiry into the scandal-plagued Vatican bank, whose top two managers resigned amid a widening money-laundering probe by Italian magistrates and a related scandal involving a 20 million euro ($26 million) money-smuggling plot allegedly engineered by a Vatican monsignor.
Friday's commission into the economic and administrative organization of the Holy See will report to Francis but it will also collaborate with the "Group of Eight" cardinals named in April, the document said. The first meeting is in October.
The Holy See posted a 2.2 million euro ($2.85 million) budget surplus for 2012, an improvement from the previous year when it booked a 14.9 million euro shortfall. The Vatican City State, which runs the profit-making Vatican Museums, post office and supermarket, has a separate budget. Its profits were 23.08 million euros, up from 21.8 million euros in 2011.
Combined, the Holy See and Vatican City State employ about 4,760 people.
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