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Margarito Teves

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Margarito B. Teves
38th Secretary of Finance
In office
July 22, 2005 – June 30, 2010
PresidentGloria Macapagal Arroyo
Preceded byCesar Purisima
Succeeded byCesar Purisima
Member of the House of Representatives from Negros Oriental's 3rd district
In office
June 30, 1987 – June 30, 1998
Preceded byDistrict created
Succeeded byHerminio Teves
Personal details
Born
Margarito Bustaliño Teves

(1943-08-01) August 1, 1943 (age 81)
Dipolog, Zamboanga
NationalityFilipino
Political partyLakas/Lakas–CMD (1995–present)
Other political
affiliations
Lakas ng Bansa/Laban ng Demokratikong Pilipino (1987–1995)
SpouseLoretto Santos
Children3
Alma materWilliams College (MA)

Margarito "Gary" Bustaliño Teves (born August 1, 1943) is a Filipino politician who served as 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.[1]

In January 2009 he was named "Best Finance Minister" in Asia, a title given by London-based international finance magazine, The Banker.[2]

Life and education

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Teves was born in Sangkol, Dipolog, Zamboanga, to Herminio Teves and Narcisa Bustaliño. Teves received his M.A. in Developmental Economics from Williams College in 1968.

Career

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Congressman

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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

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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.

Personal life

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He is married to Loretto "Nini" Santos, and had three children together: Jennifer, Herminio Cirilo, and Kathyrine.

References

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  1. ^ "Arroyo appoints finance minister". Gulf News. July 12, 2005.
  2. ^ "Teves is Asia's best finance minister | The Banker". GMANetwork.com. January 8, 2009.
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Government offices
Preceded by Secretary of Finance
2005–2010
Succeeded by
Cesar Purisima
House of Representatives of the Philippines
New title Member of the House of Representatives
from Negros Oriental's 3rd district

1987–1998
Succeeded by
Herminio Teves