NTC exceeds collection target by P1.4B as of October

The National Telecommunications Commission on Friday said it exceeded its collection by P1.4 billion as of October this year. 

The agency said target collection for 2019 was pegged at P4.786 billion, while actual collection amounted to P6.147 billion as of October this year. 

“While there is much to be thankful for in exceeding our collection target this early, the agency will continue to work to exceed its collection target by as much as P2 billion by yearned,” NTC Commission Ganaliel Cordoba 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 P1.8 billion. 

 Cordoba added, 

“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,” Corodba added. 

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. 

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