JOHOR BARU: The Federal government’s assets have been estimated to be worth more than RM1 trillion, says Deputy Finance Minister Datuk Seri Ahmad Maslan.
He said that the final figure is higher as the calculations are still ongoing, adding that the Accountant-General's Department and the Valuation and Property Management Department have been evaluating the assets thoroughly since 2013.
“The figure only encompasses about half of the assets that the Federal government owns as the evaluation is still ongoing," said Ahmad.
"we do not know how long more will be needed to get the final figure but it will be sped up so that we will know the total value of our assets,” he added.
He said this in a press conference after visiting the Johor Valuation and Property Management Department (JPPH) here on Sunday (June 2).
Ahmad added that the more than RM1 trillion figure does not include assets owned by the Federal government abroad, which have yet to be assessed.
“There are many assets that have yet to be assessed, including our assets overseas. There are also assets in the form of plants and machinery that have yet to be assessed.
“I believe the final figure will be a lot higher once the process has been completed,” he said.
He also expressed his hopes that the assets will be valued at more than the country’s RM1.5 trillion national debt.
