NTC exceeds 2023 collection target by P3.5B
INQUIRER FILE PHOTO
MANILA, Philippines—The National Telecommunications Commission (NTC) reported that it exceeded its 2023 collection target by over P3.5B or 62 percent.
Target collection for 2023 was pegged at P5.91B by the Development Budget Coordination Committee (DBCC). Actual collection, as of December 31, 2023, was P9.43B.
NTC said the achievement was a culmination of concerted effort to strictly enforce stakeholders’ compliance in remitting spectrum users’ fees, supervision and regulation fees and penalties.
NTC is the government agency that regulates cable and commercial television operators, broadcast radio stations, telecommunications companies and commercial and portable radio operators.
“The NTC’s systematic collection effort is the agency’s modest way of contributing to the public service programs of President Ferdinand R. Marcos, Jr.—priorities of which are on food security, free and universal primary education, and public health,” said NTC Commissioner Ella Blanca Lopez.
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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