The main research methods, used in the paper are presented in the Method’s part of the paper. The main research
methods are the systematization and generalization of the scientific literature, quantitative and qualitative analysis of
the primary and secondary data, systematic approach, case study, scenario method, graphic presentation of the data
and results. Lithuania’s case is analysed. Data for the research was collected using scientific literature, reports of the
national institutions of the countries analysed, data provided by the official national and regional departments of
statistics, official international institutions and organizations, such as International Monetary Fund, World Bank etc.
The main results and findings of the research are presented in the Results’ part of the paper. The main peculiarities
of government debt stabilization tools in small open economy within currency board system are presented in the
Conclusions’ part of the paper. Also, specific limitations of the research and the future research prospects in this
field are discussed.