Based on the latest literature and factual materials, the article consistently explores an important issue of financial theory and economic practice, namely the methodological and organizational foundations for the implementation of participatory budgeting in the municipalities of Georgia. The article discusses the questions about what characteristics and requirements should be taken into account when choosing a model of municipal participatory budgeting, who are the subjects, their rights and obligations, procedures that need to be developed, as well as the principles of work on which the process of choosing a model of participatory budgeting should be based.