Public property: income of municipalities budgets in Lithuania

Abstract

One of the ways to purchase public property - formation of municipalities' budgets' income -is analyzed in the article. Also the authors analyze a structure of municipalities' budget income. Income of municipalities is the most significant part of municipalities' financial property which makes the financial foundation of a local municipality. Collection of municipalities' budgets' funds is based on local significance necessity of financing programs implementation. Principles of financial independence of local municipal organs established in European local municipal charter are presented to the readers: subsidiary, proportion, limitation of appointing objective subsidies, fiscal independence, variety and flexibility of income, solidarity, consultations, a right to participate in financial market, and implementation of these principles in Lithuania is analyzed.