NTC exceeds 2020 collection target by 53%

MANILA, Philippines — The National Telecommunications Commission (NTC) exceeded its collection target by more than half last year despite the challenges brought about by the COVID-19 pandemic.

Actual collection for 2020 reached P7.71 billion, 53 percent more than NTC’s target collection goal of P5.03 for the year.

This is the fifth straight year that the NTC exceeded its collection target.

NTC commissioner Gamaliel Cordoba said the agency surpassed its  income target despite the restrictions imposed on people’s mobility in the past months due to the pandemic.

The achievement, he said, 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.

“I am grateful to everyone in the NTC for the achievement. Our DICT family, headed by Secretary Gregorio Honasan II, is also part of this achievement as they have supported all our efforts,” he said.

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

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.