NTC collects P9.5B in 2022, exceeding target by 70.21%

The National Telecommunications Commission (NTC) said Friday it has exceeded its 2022 collection target by 70.21%.

In a statement, the NTC said it collected P9.50 billion in fees as of December 31, 2022.

This is an overshoot of P3.92 billion from the collection goal of P5.58 billion set by the Development Budget Coordination Committee (DBCC), the agency said.

"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 officer-in-charge Commissioner Ella Blanca Lopez said.

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

The 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). —VBL, GMA Integrated News