Margarito Teves

Margarito B. Teves
250px Gary Teves
38th Secretary of Finance
In office July 22, 2005 – June 30, 2010
President	Gloria Macapagal-Arroyo
Preceded by	Cesar Purisima
Succeeded by	Cesar Purisima
Member of the Philippine House of Representatives from Negros Oriental's Third District
In office June 30, 1987 – June 30, 1998
Preceded by	District created
Succeeded by	Herminio Teves
Personal details
Born	(1943-08-01) August 1, 1943
Nationality	Filipino

Margarito "Gary" B. 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 January 2009 he was named "Best Finance Minister" in Asia, a title given by London-based international finance magazine, The Banker.

Political career

Congressman

Teves was born in Barangay Sangkol, Dipolog City, Zamboanga del Norte Province. 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.

External links

• Department of Finance
• Gary B. Teves resume

House of Representatives of the Philippines
Preceded by None	Representative, Third district of Negros Oriental 1987–1998	Succeeded by Herminio Teves
Political offices
Preceded by Juanita Dy Amatong	Secretary of Finance 2005–2010	Succeeded by Cesar Purisima