According to the Ministry of Finance, transfers to EDL stood at $386.58M by April 2020, declining by 23.71% compared to the same period last year. This was mainly due to lower payments to KPC and Sonatrach for fuel oil purchases and lower debt services.
In details “Payments to fuel and oil gas suppliers KPC and SPC”, constituting 99.73% of total transfers, dropped yearly by 23.75% to reach $385.53M by April 2020, as the volumes of imported fuel oil considerably fell by 25.82% on an annual basis.
EDL contributed 0.02% of the total Jan-April 2020 oil bill, lower than 0.49% of the share paid in the same period last year, out of a higher bill of $508.13M. In nominal terms, EDL’s contribution amounted to $79,601 by April 2020, compared to $2.51M by April 2019.
EDL transfers represented a share of 10.3% of the government’s primary expenditures (excluding interest payments), which reached $3.74B by April 2020, compared to a higher share of 14.7% in the same period last year.
Contribution of EDL from Total Oil Bill by April
