New Finance Minister Lawrence Wong not likely to rock fiscal-policy boat: observers

One question is how much he will loosen the national purse-strings, after 2020's five Budgets

Annabeth Leow

Published Sat, Apr 24, 2021 · 05:50 AM

Lawrence Wong

Singapore

LAWRENCE Wong is not expected to rock the fiscal policy boat when he starts his new job as Finance Minister on May 15, said observers after his appointment was announced on Friday as part of a major Cabinet reshuffle.

The 48-year-old - who is leaving the Ministry of Education for a post that Prime Minister Lee Hsien Loong described as "a key ministry" - could be called to step in if the pandemic in Singapore worsens.