* BNP stake worth about 5 billion euros
* Belgium risks EU fine unless it cuts its deficit
BRUSSELS, March 27 Belgium is considering
selling off stakes in BNP Paribas or Belgacom
as it looks for ways to rein in its budget deficit,
the country's two leading business dailies reported on
The Belgian government is currently working out how to make
further savings after a reclassification of its bailout of
Franco-Belgian bank Dexia pushed its deficit to at
least 3.7 percent of gross domestic product (GDP) last year.
It is considering selling its 10 percent stake in BNP
Paribas, worth about 5 billion euros ($6.4 billion), according
to the unsourced reports in De Tijd and L'Echo.
A spokesman for Belgium Prime Minister Elio Di Rupo declined
to comment on the reports.
The government may also sell 3.5 percent of former state
telecoms firm Belgacom, worth about 230 million euros,
reducing its holding to 50.01 percent, or its 740-million-euro
stake in Royal Park Investments, the bad bank created during the
break up of Fortis bank, the papers said.
Belgium risks being fined by the EU for missing its 2012
deficit target, and needs a convincing plan to rein in its
shortfall this year and next, a senior EU official said earlier
($1 = 0.7777 euros)
(Writing by Ben Deighton; Editing by Mark Potter)