NTC surpasses 2023 collection target

The National Telecommunications Commission (NTC) has surpassed by 60 percent its income target for 2023 as the agency improved its collection of fees and penalties.

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Based on NTC data, the agency exceeded its collection target in 2023, generating P9.43 billion for the government in the first full year of the Marcos administration.

For 2023, the Development Budget Coordination Committee (DBCC) set a revenue objective of P5.91 billion for the NTC, but the agency managed to exceed this by P3.52 billion.

NTC commissioner Ella Blanca Lopez said the agency instructed stakeholders to strictly comply with their obligation of remitting spectrum users fees. Likewise, the NTC tightened its collection of penalties from radio companies that fail to pay their dues on time.