NTC collects P6.63B, exceeds revenue collection target | Inquirer News

NTC collects P6.63B, exceeds revenue collection target

By: - Reporter / @JMangaluzINQ
/ 12:03 PM September 29, 2022
NTC exceeds revenue target

NTC facade (From its Facebook page)

MANILA, Philippines – The National Telecommunications Commission (NTC) collected P6.63 billion in revenues as it exceeded its 2022 collection target by P1.05 billion or 18.71%.

According to the NTC’s statement, the Development Budget Coordination Committee had set the NTC’s target collection at P5.58 billion.


The agency attributed this success to its “personnel’s concerted effort to strictly enforce stakeholders’ compliance in remitting spectrum users’ fees, supervision and regulation fees and penalties.”

“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 the same statement.


Cordoba also thanked the Department of Information and Communications for supporting the NTC’s regulatory initiatives.

The NTC exceeded its target for 2021 by P3.82 billion, or 72.4% over its goal.

READ: NTC trumps 2021 collection target by over P3.82B

All of the NTC’s collection targets were mandated in the Budget of Expenditures and Sources of Financing, as indicated in the Philippine constitution, and consolidated by the Department of Budget and Management, said the agency.


Cheaper internet in PH likely if NTC waives spectrum user fee, says lawmaker

DICT eyes lower user fee for small internet service providers

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: National Telecommunications Commission (NTC), NTC, revenue
For feedback, complaints, or inquiries, contact us.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2022 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.