“We will announce, (but) not here – God willing, shortly,” he added.

Mujahid said this was possible as Putrajaya had managed to improve its balance sheet by reducing liabilities through a recovery and restructuring exercise.

He also told the Dewan Rakyat that RM19.9 billion in underperforming assets had been transferred through a special purpose vehicle (SPV) called Urusharta Jamaah Sdn Bhd.

“With that, we have successfully recovered our balance sheet. Previously, assets were lower than liabilities,” he said during the question-and-answer session.

He was replying to Salim Sharif (BN-Jempol) who had asked the prime minister to name the SPVs under the finance ministry regarding the transfer of Tabung Haji assets.

He also asked if the transfer would affect depositors’ dividends.

Mujahid said the government had closed the gap by the previous administration, which would allow it to issue dividends soon.

At the time of change in government, he said, assets stood at RM70.3 billion while liabilities and deposits were at RM74.4 billion.

Now, deficit stands at RM4.1 billion, he added.

“When we took over, we wanted to salvage the situation because the gap was widening,” he said. “We saw a few options.”

Firstly, he said, the government wanted to avoid becoming the guarantor. He added that the government did not wish to issue any grants, either.

“We wanted to avoid that too, as it would have an impact on the country’s financial position.”

Because of this, he said, Putrajaya decided to transfer out underperforming assets to protect the welfare of depositors.

“With that, an SPV was needed to place the underperforming assets which we transferred out, including 29 assets, one unlisted company and 106 domestic security assets,” he said.