NTC collects P9.50 billion in 2022, beating revenue target by 70%
MANILA, Philippines — The National Telecommunications Commission (NTC) on Friday reported collecting P9.50 billion by end of last year, exceeding its 2022 revenue target by 70 percent.
“Target collection for 2022 was pegged at PHP 5.58B by the Development Budget Coordination Committee (DBCC). Actual collection, as of 31 December 2022, was at PHP 9.50B,” it said in a statement.
The NTC attributed this success to organized efforts to ensure that stakeholders comply with necessary fees such as remitting spectrum users’ fees, supervision and regulation fees, and penalties.
“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,” said NTC Officer-in-Charge Commissioner Ella Blanca Lopez.
According to the NTC, collection targets were mandated by the Budget of Expenditures and Sources of Financing, which is required by the Department of Budget and Management.
The NTC previously said that as early as September, it already surpassed its 2022 revenue target collecting P6.63 billion that month.
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