According to the Ministry of Finance, transfers to EDL reached $472.07M up to May 2015, significantly lower than the $943.88M over the same period in 2014.
Out of the government’s primary expenditures of $3.85B up to May 2015, EDL transfers represented a share of 12.3% compared to a share of 24.8% by May 2014.
Excluding EDL’s debt service, the reimbursements for the purchase of gas and fuel from the two suppliers KPC and Sonatrach were slashed by half, down from $934.66M by May 2014 to $463.64M up to May 2015. This happened because of the 48.1% yearly plunge in the average price of crude oil from $108.31/barrel to $56.26/barrel, over the same period.
Share of EDL Transfers of primary expenditures
Source: Ministry of Finance