The National Telecommunications Commission (NTC) announced that it exceeded its 2022 collection target by over PHP 3.92B or 70.21 percent.
Initially, the target collection for 2022 was pegged at PHP 5.58B by the Development Budget Coordination Committee (DBCC). However, as of 31 December 2022,&nbsp;&nbsp;the actual collection was at PHP 9.50B.
"The NTC&rsquo;s systematic collection effort is the Agency&rsquo;s modest way of contributing to the public service programs of our dear President Ferdinand R. Marcos, Jr. &ndash; priorities of which are on food security, free and universal primary education, and public health.&rdquo; Lopez also acknowledged the effort exerted by the Agency&rsquo;s employees for the feat," said NTC Officer-in-Charge Commissioner Ella Blanca B. Lopez in a statement.&nbsp;
Lopez added that the NTC&rsquo;s achievement was a culmination of its personnel&rsquo;s concerted effort to strictly enforce stakeholders&rsquo; compliance in remitting spectrum users&rsquo; fees, supervision, and regulation fees and penalties.&nbsp;
NTC is a government agency that regulates cable and commercial television operators, broadcast radio stations, telecommunications companies, and commercial and portable radio operators.&nbsp;&nbsp;
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 (DBM).&nbsp;

you might like

NTC exceeds 2022 collection target by 70%