NTC to breach revenue target for sixth straight year in 2021
MANILA, Philippines—The National Telecommunications Commission (NTC) said on Monday (Oct. 25) it will end 2021 ahead of its revenue collection target for a sixth straight year.
In a statement, the regulator reported collections as of Oct. 15 of P7.57 billion—higher than the full-year target of P5.27 billion.
“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,” it said.
NTC is the government agency that regulates cable and commercial television operators, broadcast radio stations, telecommunications companies and commercial and portable radio operators.
NTC commissioner Gamaliel A. Cordoba said the commission achieved higher collections despite the slowdown caused by the COIVD-19 pandemic.
“Our collective effort in providing excellent public service indeed made us surpass what was expected of us,” he said in the statement.
Collection targets of the NTC are mandated by the Budget of Expenditures and Sources of Financing, a document required by the Constitution and consolidated by the Department of Budget Management.
Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.