NTC trumps 2021 collection target by over P3.82B | Inquirer Business
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NTC trumps 2021 collection target by over P3.82B

/ 05:29 PM January 06, 2022
FILE A telecommunication tower. Image from NTC website

FILE A telecommunication tower. Image from NTC website

MANILA, Philippines — The National Telecommunications Commission (NTC) on Thursday said it had exceeded its collection target for 2021 by 72.4 percent or over P3.82 billion.

In a statement, the NTC said that its target collection for 2021 was P5.27 billion, and the agency collected a total of P9.09B, as of Dec. 31, 2021.

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This was the sixth consecutive year the NTC exceeded its collection goal.

According to NTC, the achievement was a “culmination of its personnel’s concerted effort to strictly enforce stakeholders’ compliance in remitting users’ fees, supervision and regulation fees, and penalties.”

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

NTC is the 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.

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TAGS: collection target, NTC, Telecommunications
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