These days there are few countries which can claim to be debt-free. Liechtenstein is one of them and aims to remain so in future through a successful economy and conscious, disciplined use of the resources at its disposal.
Instead of national debt, Liechtenstein has large reserves resulting from the state's budgetary discipline. This means that the public sector is financially powerful. Political contuinuity, a reliable social, legal and economic environment, liberal economic policies and the Swiss franc as official currency also contribute to creating the necessary stability. Standard & Poor's confirmed the Principality's AAA credit rating and emphasised the economy's stable outlook.
Liechtenstein has several public budgets: one state budget and eleven municipal budgets. Income is generated from taxes levied as well as from returns on assets and other charges. Most spending goes on the state administration as well as the fields of education and social welfare.