NTC tops 2020 collection target by over P2.68B | Inquirer News
Close  

NTC tops 2020 collection target by over P2.68B

/ 10:34 PM January 14, 2021

MANILA, Philippines — The National Telecommunications Commission (NTC) on Thursday said it has exceeded its collection target for 2020 by over P2.68 billion.

The NTC, an agency under the Department of Information and Communications Technology, said its target collection for 2020 was P5.025 billion and the agency collected a total of P7.711 billion which is 53.44% higher than the target collection.

ADVERTISEMENT

This was the fifth straight year the NTC exceeded its collection goal.

The NTC said the achievement was a “culmination of its personnel’s concerted effort to strictly enforce stakeholders’ compliance in remitting users’ fees, supervision and regulation fees, and penalties.”

FEATURED STORIES

NTC is the agency that regulates cable and commercial television operators, broadcast radio stations, telecommunications companies, and commercial and portable radio operators.

Its collection goals are reflected in the Budget of Expenditure and Sources of Financing, a document mandated by the Constitution and consolidated by the Department of Budget Management.

EDV
Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: collection target, NTC, Philippines, Telecommunications
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2021 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.