NTC exceeds collection target

    398

    The National Telecommunication Commission (NTC) exceeded its collection target  in 2020 by over P2.68 billion or 53.44 percent.

    Actual collection by end of 2020 stood at P7.711 billion, against target of P5.025 billion.

    This is the fifth straight year  the NTC exceeded its collection target.

    NTC commissioner Gamaliel Cordoba said the income target was surpassed despite the restrictions imposed on people’s mobility in the past months due to the new coronavirus disease 2019 pandemic.

    Cordoba attributed NTC’s achievement to its personnel’s concerted effort to strictly enforce stakeholders’ compliance in remitting spectrum users’ fees, supervision and regulation fees and penalties.  NTC 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.