	peru to sell state firms to cut budget deficit peru will sell about state owned firms to trim a projected mln dlrs loss this year among government owned companies some companies would be sold in their entirety and others would be privatised only partially according to jose palomino president of the government s state company holding firm the national development council conade he told reporters in a radio interview that the aim was to slim a projected public sector firm deficit of billion intis he did not say if foreigners would be allowed to buy all or part of the companies independent economists warn that the deficit could push inflation to between and pct in against the govenment target of pct palomino said aeroperu the government flagship airline with a jet fleet would issue stock for purchase by private investors the company in registered its first profit in eight years earning about mln intis in pre tax profits peru has about non financial state firms palomino said the government would soon publish a list of those to be sold including those whose shares would be offered on the lima stock exchange last november palomino said conade s plans included the possible sale of a company producing palm oil and another manufacturing electrical appliances shares could also be sold in a copper mine empresa nacional tintaya sa in the southern state of arequipa neither palomino nor conade s general manager enrique estremadoyro were available for comment on whether foreigners would be allowed to purchase the companies their secretaries said they were out of their offices jose antonio almenara the general manager of the lima stock exchange where shares of the state owned firms could be sold told reuters that the only foreigners who could purchase stock at the exchange had to be tax paying residents of peru he said foreign stockholders cannot remit profits abroad until at least july reuter 
