National Youth Development Agency Presentation to the The Portfolio Committee on Women, Youth, Children and People with Disabilities Cape Town 21 April 2010. Vision.
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National Youth Development AgencyPresentation to the The Portfolio Committee on Women, Youth, Children and People with DisabilitiesCape Town21 April 2010
NYDA 2010/11 MTEF submission =R930m including the baselines of the former entities amounting to R370m, the baseline of the Provincial Youth Commission amounting to R177m and additional funding amounting to R383m.
Amount Allocated R370m as according to the budget vote
Due diligence conducted by National Treasury on both UYF and NYC recommendation that for NYDA to operate optimally, it has to be capitalized by R600m on an annual basis.
Current allocation 39% less than recommendation of due diligence.
Overall the projected income for the next financial year amounts to R415m taking into account and the projects loan income of R45m.
This income will settle first the contractual commitments carried forward to 2010/11 financial year amounting to R402m.
NYDA remains with a surplus of R 13,775,310 available for delivery of product and services to young people (transactional nature e.g. SME and Micro Loans, Business Consultancy Support Voucher Programme, National Youth Service Programme etc which are considered as fast moving products and services of the Agency).
With the available resources these clearly cannot be implemented.