SINGAPORE – A Cabinet reshuffle will be announced in about two weeks’ time, which can see Deputy Prime Minister Heng Swee Keat relinquish his portfolio as finance minister.
There can even be “consequential strikes” in different ministries, Prime Minister Lee Hsien Loong mentioned throughout a press convention on Thursday (April 8).
Mr Heng will proceed to function DPM and Coordinating Minister for Economic Policies, in addition to chairman of the National Research Foundation underneath the Prime Minister’s Office.
PM Lee mentioned he had mentioned Mr Heng’s future function in Cabinet with him following the DPM’s choice to step apart as chief of the People’s Action Party’s fourth era (4G) management.
The choice to have Mr Heng give up the Ministry of Finance (MOF) portfolio was mentioned final 12 months, when PM Lee and Mr Heng selected Cabinet appointments following the July 10 General Election.
“We agreed that Budget 2021 would be an vital Budget, not an emergency Budget, just like the 5 in 2020, however a Budget to take Singapore past Covid-19,” mentioned PM Lee.
“I informed him it might be good for him to see via Budget 2021, after which he may give up the MOF portfolio to think about the broader coordinating duties.”
PM Lee added that he appeared ahead to Mr Heng persevering with to make broader contributions to authorities coverage and to social gathering work.