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NTC exceeds 2022 collection target by P 1.05B

September 29, 2022 People's Tonight 390 views

WITH still three months to go in 2022, the National Telecommunications Commission (NTC) has already exceeded its 2022 collection target by over P1.05B or 18.71 percent. Target collection for 2022 was pegged at P5.58B by the Development Budget Coordination Committee (DBCC). Actual collection, as of 27 September 2022, was at PHP 6.63B.

NTC Commissioner Gamaliel A. Cordoba said, “The NTC’s systematic collection effort is the Agency’s modest way of contributing to the public service programs of our dear President Ferdinand R. Marcos, Jr. – priorities of which are on food security, free and universal primary education, and public health.” The Commissioner acknowledged the Agency’s employees for the feat and encouraged them to make a final push on generating more income as the year ends. Cordoba also thanked Secretary Ivan John Uy and the whole DICT family for constantly being supportive of the NTC’s regulatory initiatives.

NTC’s achievement was a culmination of its personnel’s concerted effort to strictly enforce stakeholders’ compliance in remitting spectrum users’ fees, supervision and regulation fees and penalties. NTC is the government agency that regulates cable and commercial television operators, broadcast radio stations, telecommunications companies and commercial and portable radio operators.

Collection targets of the Agency are mandated in the Budget of Expenditures and Sources of Financing, a document required by the Constitution and consolidated by the Department of Budget Management.