DA welcomes courageous implementation of youth wage subsidy
By Khanyisa Tabata
24 February 2011
The Democratic Alliance says they warmly welcome the inclusion of a youth wage subsidy in Minister Gordhan’s budget speech yesterday.
DA Shadow Minister of Finance Dion George says they look forward in studying the relevant discussion document and will be liaising with the minister to ensure its eventual implementation.
“South Africa’s most pressing concern is the creation of jobs for unemployed young South Africans, and we believe this to be the most effective solution to start addressing this challenge.
“The inclusion of this policy, and a R9 billion jobs fund, is a crucial step in the right direction towards the adoption of growth-oriented economic policies,” said George.
Youth wage subsidies and tax incentives for job growth are growth-oriented DA proposals that vehemently contradict the state-driven approach espoused in the New Growth Path added George.
George added that the DA supports the various initiatives by Minister Gordhan that would help strengthen the productive capacity of our economy.
“There are, however, also some proposals with which we are concerned. The DA disagrees with a R1.2 billion appropriation for the National Youth Development Agency over the next three years.
“This is unproductive spending. We disagree with increasing spending on SETAs,” said George.
24 February 2011
The Democratic Alliance says they warmly welcome the inclusion of a youth wage subsidy in Minister Gordhan’s budget speech yesterday.
DA Shadow Minister of Finance Dion George says they look forward in studying the relevant discussion document and will be liaising with the minister to ensure its eventual implementation.
“South Africa’s most pressing concern is the creation of jobs for unemployed young South Africans, and we believe this to be the most effective solution to start addressing this challenge.
“The inclusion of this policy, and a R9 billion jobs fund, is a crucial step in the right direction towards the adoption of growth-oriented economic policies,” said George.
Youth wage subsidies and tax incentives for job growth are growth-oriented DA proposals that vehemently contradict the state-driven approach espoused in the New Growth Path added George.
George added that the DA supports the various initiatives by Minister Gordhan that would help strengthen the productive capacity of our economy.
“There are, however, also some proposals with which we are concerned. The DA disagrees with a R1.2 billion appropriation for the National Youth Development Agency over the next three years.
“This is unproductive spending. We disagree with increasing spending on SETAs,” said George.
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