Margarito Teves

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Margarito B. Teves
Gary Teves.jpg
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 (1943-08-01) August 1, 1943 (age 71)
Nationality Filipino

Margarito "Gary" B. 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.

In January 2009 he was named "Best Finance Minister" in Asia, a title given by London-based international finance magazine, The Banker.[1]

Political career[edit]

Congressman[edit]

Teves was born in Negros Oriental Province. 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[edit]

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.

References[edit]

External links[edit]

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