Malaysia’s Deputy Finance Minister: Federal govt has over RM1 trillion in assets

Datuk Seri Haji Ahmad bin Maslan, the Deputy Minister of Finance of Malaysia, has said that the federal government has assets worth more than RM1 trillion. However, the figure does not include assets owned by the federal government abroad.

Deputy Finance Minister Datuk Seri Ahmad Maslan revealed that the Accountant-General’s Department and the Valuation and Property Management Department have been calculating the assets since 2013. 

According to the Malaysian Deputy Finance Minister, the final figure could be higher because the calculations are still ongoing. Datuk Seri Ahmad Maslan reportedly said, “The figure only encompasses about half of the assets that the Federal government owns as the evaluation of the assets is still ongoing. There are many assets that have yet to be evaluated, including our assets overseas.”

The minister said that the authorities would take some time to get the final figure of the assets owned by the Federal government. He said that the authorities would also evaluate assets in the form of plants and machinery. He said that the final figure could be a lot higher. 

The Malaysian politician visited the Johor Valuation and Property Management Department (JPPH) in Johor Bahru on Sunday. He talked about the Federal government’s assets in a press conference. 

During the press conference, he said, “I hope the value of our assets is more than our national debt, including liabilities, which has hit RM1.5 trillion.”

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Earlier, Anwar bin Ibrahim, the Prime Minister of Malaysia, said that the national debt, including liabilities, reached nearly RM1.5 trillion. 

Previously, Datuk Seri Haji Ahmad bin Maslan served as the Deputy Minister of International Trade and Industry of Malaysia, Deputy Minister of Finance and Deputy Minister in the Prime Minister’s Department in the Barisan Nasional (BN) administration, a political coalition of Malaysia. He also served as the Secretary-General of UMNO (United Malays National Organisation).