With still three months to go in 2022, the National Telecommunications Commission (NTC) said it has already exceeded its 2022 collection target by over PHP 1.05 billion or 18.71 percent.

Target collection for 2022 was pegged at PHP 5.58B by the Development Budget Coordination Committee (DBCC) but the actual collection, as of 27 September 2022, was at PHP 6.63B.

"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 Commissioner Gamaliel A. Cordoba in a statement,

Cordoba also acknowledged the agency’s employees for the feat and encouraged them to make a final push on generating more income as the year ends. He likewise thanked Secretary Ivan John Uy and the whole DICT family for constantly being supportive of the NTC’s regulatory initiatives.

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.

NTC is a government agency that 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.