Margarito Teves

{{Short description|Filipino politician (born 1943)}} {{Philippine name|Bustaliño|Teves}} {{Infobox officeholder | name = Margarito B. Teves | image = Gary Teves.jpg | image_size = 250px | office = 38th Secretary of Finance | term_start = July 22, 2005 | term_end = June 30, 2010 | president = Gloria Macapagal Arroyo | predecessor = Cesar Purisima | successor = Cesar Purisima | office2 = Member of the House of Representatives from Negros Oriental's 3rd district | term_start2 = June 30, 1987 | term_end2 = June 30, 1998 | predecessor2 = ''District created'' | successor2 = Herminio Teves | birth_name = Margarito Bustaliño Teves | birth_date = {{Birth date and age|1943|08|1}} | birth_place = Dipolog, Zamboanga | spouse = Loretto Santos | relations = | children = 3 | alma_mater = Williams College (MA) | occupation = | signature = | website = | footnotes = | party = Lakas (1995–present) | other_party = UNIDO (1984–1987)<br>Lakas ng Bansa (1987–1988)<br>Laban ng Demokratikong Pilipino (1988–1995) | caption = Teves in 2006 }} '''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.<ref>{{cite web |url=https://gulfnews.com/world/asia/philippines/arroyo-appoints-finance-minister-1.293829 |title=Arroyo appoints finance minister |website=Gulf News |date=July 12, 2005}}</ref>

In January 2009 he was named "Best Finance Minister" in Asia, a title given by London-based international finance magazine, The Banker.<ref>{{cite web |url=https://www.gmanetwork.com/news/money/content/143147/teves-is-asia-s-best-finance-minister-the-banker/story |title=Teves is Asia's best finance minister {{!}} The Banker |website=GMANetwork.com |date=January 8, 2009}}</ref>

== Early life and education == 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== ===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== {{reflist}}

==External links== *[https://www.dof.gov.ph/ Department of Finance] *[https://web.archive.org/web/20141031125404/http://pcij.org/blog/wp-docs/GBT_resume.pdf Gary B. Teves resume]

{{s-start}} {{s-gov}} {{succession box|before=Juanita Dy Amatong|title=Secretary of Finance|years=2005–2010|after= Cesar Purisima}} |- {{s-par|ph-lwr}} {{s-new|created}} {{s-ttl|title=Member of the House of Representatives<br>from Negros Oriental's 3rd district|years=1987–1998}} {{s-aft|after=Herminio Teves}} {{s-end}}

{{DEFAULTSORT:Teves, Margarito}} Category:1943 births Category:Living people Category:People from Negros Oriental Category:Members of the Philippine Constitutional Convention of 1971 Category:Filipino chairpersons of corporations Category:Secretaries of finance of the Philippines Category:Williams College alumni Margarito Category:Members of the House of Representatives of the Philippines from Negros Oriental Category:Arroyo administration cabinet members Category:Lakas ng Bansa politicians Category:Lakas–CMD politicians Category:Laban ng Demokratikong Pilipino politicians Category:UNIDO politicians