The figure is down £44m (10.8 per cent) on last year and down £104m (22.2 per cent) on 2010/11.
Youth offending teams (YOTs) have been told how much of the money will be passed on to their individual authorities although the YJB is yet to release this information.
Last year the overall amount of money distributed to YOTs fell by £32m (20.8 per cent), from £154m in 2010/11 to £122m in 2011/12.
Giving evidence to the justice select committee today (6 March), YJB chief executive John Drew said the organisation’s business plan, outlining how the money will be spent, is due to be discussed with youth justice minister Crispin Blunt on 13 March, prior to being "signed off".
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