The regulator said it collected P7.57 billion as of Oct. 15, higher than the target of P5.27 billion for the period. This marked the sixth straight year under the Duterte administration that the agency exceeded its goal.
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.
“I am grateful to both the NTC and DICT families, headed by Secretary Gregorio Honasan II for this achievement. Our collective effort in providing excellent public service indeed made us surpass what was expected of us,” said NTC commissioner Gamaliel Cordoba.
Cordoba said the agency’s income target was surpassed despite the restrictions imposed on people’s mobility amid the pandemic.
He said the agency'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 the government agency that regulates cable and commercial television operators, broadcast radio stations, telecommunications companies and commercial and portable radio operators.
The achievement for the past six years demonstrates the NTC and Department of Information and Communications Technology's full support to the government and the public service programs pushed by President Rodrigo Duterte.
