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 Deputy Speaker of the House of Representatives of the Philippines, House Deputy Spe ...

, 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 ''The Banker'' is an English-language monthly international financial affairs publication owned by ''The Financial Times'' Ltd. and edited in London, United Kingdom. The magazine was first published in January 1926 through founding Editor, Brend ...

.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 M ...

) to Herminio Teves and Narcisa Bustaliño. Teves received his M.A. in Developmental Economics from

Williams College Williams College is a Private college, private liberal arts colleges in the United States, 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 col ...

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

, 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 {{philippines-stub