Monday, November 30, 2020

NTC Exceeds Collection Target By Almost P1.4-B

NTC Exceeds Collection Target By Almost P1.4-B

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The National Telecommunications Commission (NTC), an agency under the Department of Information and Communications Technology (DICT), has already exceeded its collection target by PHP1.361 million.

Target collection for 2019 was pegged at PHP4.786 billion, while actual collection amounted to PHP6.147 billion as of October 14 this year.

NTC Commissioner Gamaliel Cordoba said there is much to be thankful for “in exceeding our collection target this early”.

“Agency will continue to work to exceed its collection target by as much as PHP2B by yearend,” he said

This is the fourth straight year under the Duterte administration that the NTC exceeded its collection target. In 2018, the NTC also exceeded its target by PHP1.8 billion.

“This year’s achievement is NTC’s way of showing its 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,” Cordoba said.

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.

Stakeholders regulated by the NTC include cable and commercial television operators, broadcast radio stations, telecommunications companies and commercial and portable radio operators.

Collection targets of the agency are reflected in the Budget of Expenditures and Sources of Financing, a document mandated by the Constitution and consolidated by the Department of Budget Management. (NTC PR)

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