In Bavaria, the state receipts and expenditures are laid down in biannual budgets. These figures cover the 15 annual budgets of the Landtag, the State Ministries and the Auditor-General's Office. As a result of its stable financial policy in the course of decades, the Free State of Bavaria has long rated first in investments and last in public debt of all the Federal States. The aim of Bavaria's well-established financial policy is high investment, restraint in public borrowing and tax cuts. Within the framework of the Future for Bavaria Action and the High-Tech Future for Bavaria Action Programmes, a total of 8.1 billion DM have been allocated for revitalization of Bavarian economy, development of Bavaria as a technological and economic centre, as well as for social projects.
High investment is a good precondition for jobs and social security.
The Free State can afford substantial investments on the grounds of prudent economic development and refraining from new debts. Fulfilment of the Maastricht criteria presents no problems to the Free State of Bavaria. It is not the only task of Bavarian fiscal policy to ensure the state income. It now fulfils some important economic and socio-political functions. Bavaria does not want its society to depend totally on the State, which shall take ever more money and shall deprive its citizens of responsibility.