The news comes after former Minister for Finance Heng Swee Keat, who announced that he will be stepping down as the leader of the fourth-generation (4G) leadership team of the People’s Action Party (PAP) and Finance Minister on April 8.
Lawrence Wong will be the new Minister for Finance, announced Prime Minister Lee Hsien Loong via a statement on April 23.
Wong, who was appointed as the new Education Minister in July 2020, has been the second Minister for Finance since 2016.
