Singapore’s Finance Minister Heng Swee Keat, who is tipped to be the Lion City’s next prime minister. Photo: AFP

Singapore’s giant reserves: a taxing question for its next prime minister, Heng Swee Keat

  • It’s budget season in the Lion City, which can only mean one thing: a debate over whether more of the revenue from Singapore’s giant reserves should be used to offset taxes
  • The prime minister in waiting – Finance Minister Heng Swee Keat – is to unveil the budget on Monday
Topic |   Singapore

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Singapore’s Finance Minister Heng Swee Keat, who is tipped to be the Lion City’s next prime minister. Photo: AFP
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Bhavan Jaipragas

Bhavan Jaipragas

Bhavan is Asia Correspondent for the SCMP, covering breaking news, politics, diplomacy, trade and Southeast Asian macroeconomic trends. His work for the Post's Asia desk also focuses on the region's multifaceted interactions with the United States and China. A Singapore native, Bhavan previously worked for Agence France-Presse.