Dr Hu first entered politics in 1984 after contesting in the General Election as a member of the People's Action Party for the Kreta Ayer constituency, where he was elected as a Member of Parliament.
Deputy Prime Minister Lawrence Wong, in a post on Facebook, paid tribute to Singapore's longest-serving Finance Minister. Mr Wong also recalled joining the Ministry of Finance in 1999, when Dr Hu was heading it and how he made sure policies led to"tangible improvements in peoples’ lives". In a Facebook post, the Ministry of Finance said Dr Hu would"always have a special place in the hearts of former and current MOFers", before expressing its deepest condolences to his family.
During his term, he introduced the goods and services tax in Singapore to reduce the government's reliance on direct taxation as a revenue source and to broaden the tax base.
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Former Finance Minister Richard Hu dies aged 96SINGAPORE: Former Finance Minister Richard Hu died on Friday (Sep 8) at 96 years old. Dr Hu first entered politics in 1984 after contesting in the General Election as a member of the People's Action Party for the Kreta Ayer constituency, where he was elected as a Member of Parliament Therea
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Richard Hu, S’pore’s longest-serving finance minister, dies aged 96He also held ministerial portfolios of health and national development during his years in the Cabinet. Read more at straitstimes.com.
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