According to the Finance Minister Tharman Shanmugaratnam, his appointment as the minister of the coordination of economic as well as social policy points towards a new phase in the commitment of the Government towards inclusive growth.

On Friday Finance Minister Tharman Shanmugaratnam has said that he has been following the path of Senior Minister S Jayakumar. He said this after the announcement of retirement of Prof Jayakumar from politics on Thursday.

Yesterday Finance Minister Tharman Shanmugaratnam has said in the Parliament that the Government will be attentive on issues like inflation and low-income in the society.

The old Singaporeans will help to control the rising prices of staples i. e. soya beans, wheat, and sugar and liquid things. This is due to the fact that the commodity prices have touched their highest level across the region.

A Singapore government official has informed on Monday that during this quarter the price of oil and commodities will rise further in the country and Singapore must be cautious on the inflationary hikes.

The experts have also suggested the policy maker that the economy should not be overheated by this inflation.

As the global financial crisis takes its toll on the nations, various policies to survive the turmoil are being planned and implemented. As inflation tends to give signals of receding, the government of Singapore plans to dilate its 2009 budget in order to sustain in the looming adversity.