Fiscal policy refers to the government's use of taxation, spending, and borrowing to influence the economy's performance. The primary aim of fiscal policy is to stabilize the economy and achieve economic growth. Here are some of the major objectives of fiscal policy:

• Stabilize the economy: Fiscal policy is used to stabilize the economy by controlling inflation, reducing unemployment, and maintaining steady economic growth.
• Promote economic growth: Governments use fiscal policy to boost economic growth by increasing public spending on infrastructure, education, healthcare, and other essential services. Higher public spending creates jobs, encourages investment and increases consumption, leading to a boost in economic activity.
• Redistribute income: Fiscal policy aims to reduce income inequality by taxing the rich more heavily and redistributing the revenue to the poor through social welfare programs.
• Control inflation: Fiscal policy can be used to control inflation by raising taxes and cutting public spending when prices rise too fast. This helps reduce the aggregate demand in the economy, thereby lowering inflation.
• Reduce unemployment: Fiscal policy can help reduce unemployment by increasing public spending on job creation programs and providing incentives to businesses to hire more workers.
• Manage public debt: Governments use fiscal policy to manage public debt by borrowing and repaying loans to maintain sustainable levels of national debt and prevent default.

In conclusion, fiscal policy is an essential tool that governments use to manage their economies effectively. It encompasses various measures to control inflation, encourage economic growth, and redistribute income, among other objectives.