The European Union´s economic policy objectives can be summarizes below the headings of "Lisbon" and "Maastricht". While the Lisbon objectives are related to the increase of potential growth in Europe, the safeguarding of sustainable budgetary policy ist a focus of EU politics since Maastricht.In this study EU and OECD countries are to be assessed with regard to the extent to which they perform in the light of this double objective. On the basis of insights of the literature on growth and sustainble budgetary policy indicators are to be costructed both for the growth and the sustainability objective.