Margarito Teves
Margarito "Gary" Bustalino Teves (born August 1, 1943) was the secretary of the Department of Finance of the Philippines. He was appointed to the position in July 2005 by President Gloria Macapagal-Arroyo, following a mass resignation of her economic team.
Margarito B. Teves | |
|---|---|
 Gary Teves | |
| 38th Secretary of Finance | |
| In office July 22, 2005 – June 30, 2010 | |
| President | Gloria Macapagal-Arroyo |
| Preceded by | Cesar Purisima |
| Succeeded by | Cesar Purisima |
| Member of the Philippine House of Representatives from Negros Oriental's Third District | |
| In office June 30, 1987 – June 30, 1998 | |
| Preceded by | District created |
| Succeeded by | Herminio Teves |
| Personal details | |
| Born | Margarito Bustalino Teves August 1, 1943 Dipolog, Zamboanga |
| Nationality | Filipino |
In January 2009 he was named "Best Finance Minister" in Asia, a title given by London-based international finance magazine, The Banker.[1]
Life and education
Teves was born in Barangay Sangkol, Municipality of Dipolog (now Dipolog City), Province of Zamboanga (now a part of Zamboanga del Norte). Teves received his M.A. in Developmental Economics from Williams College in 1968.
Career
Congressman
He was elected congressman representing the 3rd district of Negros Oriental from 1987 to 1998.
Following his three terms in office—the maximum number allowed by the constitution—he was succeeded by his father, Herminio Teves.
Secretary of Finance
Teves was appointed as Secretary of the Department of Finance in July 2005 by President Gloria Macapagal-Arroyo, following a mass resignation of her economic team.
As Finance Secretary, he oversaw the Arroyo administration's aggressive attempts to decrease the government's budget deficit.
External links
| House of Representatives of the Philippines | ||
|---|---|---|
| Preceded by None |
Representative, Third district of Negros Oriental 1987–1998 |
Succeeded by Herminio Teves |
| Political offices | ||
| Preceded by Juanita Dy Amatong |
Secretary of Finance 2005–2010 |
Succeeded by Cesar Purisima |