KUALA LUMPUR: The government is identifying which assets under the Ministry of Finance Incorporated (MoF Inc) to be sold in efforts to reduce the national debt.
Finance Minister Lim Guan Eng said the government was mulling whether to rationalise companies that share the same purpose of existence, to close companies that pose fiscal burden to the country, or dispose of interests within companies that have commercial and strategic value to their shareholders.
He said the decision on whether to dispose of or close down the companies would take into account their performance and role, industrial necessity and ability to operate, as well as its impact on the country’s fiscal standing.
“The government would ensure that the assets to be sold are able to give the best value for money to the country.
“It needs to be stressed that the government will not sell the nation’s assets via fire sale in order to obtain the best value,” he said during Question and Answer session at the Dewan Rakyat today.
He was answering a question from Datuk Seri Reezal Merican Naina Merican (BN-Kepala Batas) regarding the government’s intent to sell non-critical and non-strategic assets.
