Government’ s land could be sold to reduce national debt – PM Dr M


KUALA LUMPUR April 4: The opposition can object to the selling of government’s assets by Pakatan Harapan (PH) government to reduce national debt as they are not in power, said Prime Minister Tun Dr. Mahathir Mohamad.

Dr. Mahathir said it is the government’s job to do what they feel is right.

“During their time (Barisan Nasional government) they did not oppose the selling of government’s assets to the foreigners and now they remember,” Dr. Mahathir told the media at the Parliament lobby on Thursday.

Dr. Mahathir was responding to a question on the opposition objecting to the selling of government assets to recover national debt.

“The government is still in the process of identifying its assets and if necessary even land belonging to the government will be sold to the Malaysians but not to foreigners.

“To get the volume of the government assets, the Minister of Finance will have the correct figures,” Dr. Mahathir added.

The Prime Minister admitted that the national debt was at manageable level as the government had recovered a lot of money that was lost and kept by Singapore and this had helped to reduce the national debt.

However Dr. Mahathir did not reveal the details.

Asked if the money is related to 1Malaysia Development Bhd. (1MDB), Dr. Mahathir said: “I have to ask the Finance Minister as he has a better figure than me.”

The Prime Minister also told the media that the government is working hard in trying to reduce the contract value of the East Coast Rail Link (ECRL) project.

“If we do not continue the project then the government will have to pay a huge compensation and that is being managed,” he reiterated.

On Wednesday, the government in a statement said that the super yacht Equanimity that was once owned by “fugitive businessman” Jho Low was purchased by Genting Highlands Bhd. for RM514.14 million on the Sheriff’s Term and Conditions and had been approved by the Admiralty Court in Kuala Lumpur.

Equanimity was seized off the coast of Bali by Indonesia in February at the request of US authorities as part of a probe into 1MDB scandal. – Malaysia World News

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