Mr HENG Swee Keat

Mr HENG Swee Keat

Mr HENG Swee Keat, Deputy Prime Minister, Coordinating Minister for Economic Policies and Minister for Finance

Mr Heng Swee Keat is Deputy Prime Minister, Coordinating Minister for Economic Policies and Minister for Finance. He is also a Member of Parliament for East Coast GRC.

As Minister for Finance, Mr Heng oversees the revenue and expenditure policy of Singapore, and the allocation of resources to achieve national security, economic and social objectives.

Mr Heng also chairs the tripartite Future Economy Council which oversees the on-going restructuring of our economy, through upgrading of the skills of our workers and the transformation of industry, to create even better career prospects for our people.  He leads a team to oversee the design and implementation of national strategies in areas such as skills and capabilities development, innovation and productivity and the internationalisation of our companies.

Mr Heng chairs the National Research Foundation, which sets the direction for Singapore's research, innovation and enterprise strategies. In this role, he brings together the universities and research communities with businesses to create a more vibrant innovation ecosystem.  Mr Heng also serves as Adviser to the Multi-Ministry Taskforce on COVID-19 and the National Jobs Council.

Mr Heng served as Minister for Education from 2011 to 2015. He also led the year-long Our Singapore Conversation from 2012 that helped to engage more than 47,000 Singaporeans from all walks of life through dialogues.

As Deputy Prime Minister, Mr Heng launched the Singapore Together movement in June 2019 to work in close partnership with Singaporeans to design and implement policies and programmes, to create a better future together.

Before entering politics in May 2011, Mr Heng was the Managing Director of the Monetary Authority of Singapore. He also served as Permanent Secretary of the Ministry of Trade and Industry, as well as CEO of the then-Trade Development Board. Between 1997 and 2000, he was Principal Private Secretary to then-Senior Minister Lee Kuan Yew. In 2001, Mr Heng was awarded the Gold Medal in Public Administration, and the Meritorious Service Medal in 2010 for his contribution to Singapore’s public service.

Mr Heng has an MA in Economics from Cambridge University. He also holds a Master in Public Administration from the Kennedy School of Government, Harvard University.


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