In terms of broad policy initiatives, in the next few years the government will proceed with plans to implement the recommendations of the Economic Strategies Committee, a body created by the prime minister in May 2009 to examine ways of ensuring Singapore's continued prosperity. The committee's proposals, which form the basis of the budget for fiscal year 2010/11 (April-March), include restricting growth in the number of foreign workers, freeing up land for development, and increasing productivity growth by improving labour skills and relying more heavily on technology and innovation. As indicated by the tightening of policy in October 2010 by the Monetary Authority of Singapore (MAS, the central bank), in the short term the policy agenda is expected to focus on maintaining price stability amid firm domestic demand, as the economy remains on a sustained growth trajectory.