PETALING JAYA, Nov 2 — The federal government aims to recover all assets bought with stolen 1MDB funds as part of efforts to address the country’s debt, said Finance Minister Lim Guan Eng.

When tabling the Pakatan Harapan’s maiden Budget today, Lim said authorities will undertake any efforts it can to reduce the impact of the international corruption scandal.

He cited the planned legal action in the UK to avoid paying Abu Dhabi’s sovereign wealth fund International Petroleum Investment Company (IPIC) US$4.32 billion (RM18 billion) and seek the return of US$1.46 billion already paid.

Others include the ongoing auction of the Equanimity superyacht.

The government will also set up a debt management office that is responsible to manage its debt and liabilities said Lim

The office will also monitor any debts that are published by the federal government, statutory bodies and special-purpose vehicles in a holistic manner.