The constitutional referendum regarding the Prince’s powers was a national vote held in Liechtenstein on 14 March 2003. The referendum had two questions; a "Princely Initiative" and a "Constitution Peace Initiative". The first question passed with 64.32% of valid votes and the second question failed with 83.44% of valid votes being cast against it.
The Princely Initiative asked voters whether or not to approve an extension of the power of the Prince to dismiss the government, nominate judges and veto legislation. The Constitution Peace Initiative asked voters whether to approve or disapprove of constitutional modifications, including modifications which would have restricted the Prince’s powers. The BBC stated that the referendum in effect made Liechtenstein into an "absolute monarchy". However there are certain limitations on the Prince's powers under the constitution. Prince Hans-Adam II had threatened to leave the country and live in exile in Vienna, Austria if the voters had chosen to restrict his powers.