NTC exceeds collection target for 6th straight year – by over P2.29B in 2021

Published October 25, 2021, 3:16 PM

by MB Technews

NTC

The National Telecommunications Commission (NTC) reported that it has exceeded its collection target by over P2.29B or 43.5 percent.

Target collection for 2021 was pegged at P5.27B. Actual collection, as of 15 October 2021, stood at P7.57B.

This is the sixth straight year under the Duterte administration that the NTC exceeded its collection target.

NTC Commissioner Gamaliel A. Cordoba said, “I am grateful to both the NTC and DICT families, headed by Secretary Gregorio B. Honasan II, for this achievement. Our collective effort in providing excellent public service indeed made us surpass what was expected of us.”

Cordoba was also thankful that the Agency’s income target was surpassed despite the restrictions imposed on people’s mobility due to the COVID-19 pandemic.

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.

The achievement for the past six years demonstrates the NTC and DICT’s full support to the national government and the public service programs pushed by President Rodrigo Roa Duterte – priorities of which are on infrastructure, agriculture and rural development, and peace and order.

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.

 
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