Margarito "Gary" Bustaliño Teves (born August 1, 1943) is a Filipino politician who served as
Secretary of the Department of Finance of the
Philippines
The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no),
* bik, Republika kan Filipinas
* ceb, Republika sa Pilipinas
* cbk, República de Filipinas
* hil, Republ ...
. He was appointed to the position in July 2005 by President
Gloria Macapagal Arroyo
Maria Gloria Macaraeg Macapagal Arroyo (, born April 5, 1947), often referred to by her initials GMA, is a Filipino academic and politician serving as one of the House Deputy Speakers since 2022, and previously from 2016 to 2017. She previously ...
, 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.
Teves is Asia's best finance minister - The Banker
/ref>
Life and education
Teves was born in Barangay Sangkol, Municipality of Dipolog (now Dipolog City
Dipolog, officially the City of Dipolog ( ceb, Dakbayan sa Dipolog; Subanen: ''Gembagel G'benwa Dipuleg/Bagbenwa Dipuleg''; Chavacano: ''Ciudad de Dipolog''; fil, Lungsod ng Dipolog), is a 3rd class component city and capital of the province o ...
), Province of Zamboanga (now a part of Zamboanga del Norte
Zamboanga del Norte ( Cebuano: ''Amihanang Zamboanga''; Subanon: ''Utara Sembwangan''; tl, Hilagang Zamboanga), officially the Province of Zamboanga del Norte, is a province in the Philippines situated within the Zamboanga Peninsula region in ...
) to Herminio Teves and Narcisa Bustaliño. Teves received his M.A. in Developmental Economics from Williams College
Williams College is a private liberal arts college in Williamstown, Massachusetts. It was established as a men's college in 1793 with funds from the estate of Ephraim Williams, a colonist from the Province of Massachusetts Bay who was kill ...
in 1968.
Career
Congressman
He was elected congressman representing the 3rd district of Negros Oriental
Negros Oriental ( ceb, Sidlakang Negros; tl, Silangang Negros), officially the Province of Negros Oriental, is a province in the Philippines located in the Central Visayas region. Its capital is the city of Dumaguete. It occupies the southeaste ...
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
Maria Gloria Macaraeg Macapagal Arroyo (, born April 5, 1947), often referred to by her initials GMA, is a Filipino academic and politician serving as one of the House Deputy Speakers since 2022, and previously from 2016 to 2017. She previously ...
, 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
External links
Department of FinanceGary B. Teves resume
, -
1943 births
Living people
People from Negros Oriental
Secretaries of Finance of the Philippines
Williams College alumni
Members of the House of Representatives of the Philippines from Negros Oriental
Arroyo administration cabinet members
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