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BISP board approves Rs 115 billion budget

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Islamabad The board meeting of Benazir Income Support Programme (BISP) has approved Rs 115 billion budget for FY 2016-2017 as recommended by its Programme Design Committee and Finance Committee.
The board meeting was held at BISP’s headquarters. Chairperson BISP, MNA Marvi Memon chaired 28th board meeting , which was attended by Dr. Ali Cheema, Yawar Irfan Khan, Prof Dr Abdul Bari Khan, representatives of Finance Division, Cabinet Division, Economic Affairs Division, Foreign Office and Secretary BISP, Yasmeen Masood.
The meeting approved that out of 105 billion, 97 billion have been allocated by GoP and donor funds amount to Rs 18 billion. Rs 110.592 billion which is 96.17 % of total budget have been allocated for Unconditional Cash transfer (UCT) and Conditional Cash transfer (CCT) beneficiary initiatives, the cost of NSER amounts to Rs 1.423 billion which is 1.24% of total budget, whereas 2.59% of the budget will be used for administration purposes.
The agenda items of the Board meeting included De-Credit & Re-Credit policy, BISP budget for financial year 2016-2017 and review of implementation status of decisions taken during 27th board meeting.
After thorough deliberations, Board approved the proposals regarding De-credit and Re-Credit policy. It was approved to deposit de-credited amount in Government Treasury as soon as possible and to continue re-crediting through existing payment mechanism as per SOPs already prepared for the purpose.