5.1.3 Allocation of public funds
State cultural funding is administered by the Ministries of Cultural Affairs and Education. The composition of the state cultural budget is regulated by the annual Finance Act. The Minister of Finance announces the amount of funding in his annual budget. The government decides on the promotion amounts on the request of the Liechtenstein Cultural Foundation.
According to the Cultural Promotion Act (2008), the Liechtenstein Cultural Foundation submits its annual budget, annual report and annual accounts to the government. The Act defines the principles of promotion. Basically, however, the principle of subsidiarity, encouraging and promoting private initiative, applies.
The Ministry of Cultural Affairs provides transparent information on the mandate of the state regarding cultural issues. Additionally, the Cultural Advisory Council, formerly responsible for funding decisions, outlined in its annual reports from 2004 to 2007 which organisations, individuals and projects received funding.