Margarito Teves

Margarito "Gary" Bustaliño 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 this Philippine name, the middle name or maternal family name is Bustaliño and the surname or paternal family name is Teves.
Margarito B. Teves
Gary 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 Philippine House of Representatives from Negros Oriental's Third 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
Dipolog, Zamboanga
NationalityFilipino
Spouse(s)Loretto Santos
Children3
Alma materWilliams College

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) to Herminio Teves and Narcisa Bustaliño. 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.

Personal life

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

References
  1. Teves is Asia's best finance minister - The Banker
House of Representatives of the Philippines
Preceded by
None		 Representative, Third district of Negros Oriental
1987–1998		 Succeeded by
Herminio Teves
Government offices
Preceded by
Juanita Dy Amatong		 Secretary of Finance
2005–2010		 Succeeded by
Cesar Purisima


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