Hosta

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.^[1]

In January 2009 he was named "Best Finance Minister" in Asia, a title given by London-based international finance magazine, The Banker.^[2]

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

^ "Arroyo appoints finance minister". Gulf News. July 12, 2005.
^ "Teves is Asia's best finance minister | The Banker". GMANetwork.com. January 8, 2009.

External links

Government offices
Preceded by Juanita Dy Amatong	Secretary of Finance 2005–2010	Succeeded by Cesar Purisima
House of Representatives of the Philippines
New title	Member of the House of Representatives from Negros Oriental's 3rd district 1987–1998	Succeeded by Herminio Teves

Cabinet of President Gloria Macapagal Arroyo (2001–2010)
Vice-President	Teofisto Guingona Jr. (2001–2004) Noli de Castro (2004–2010)
Secretary of Agrarian Reform	Horacio Morales (2001) Hernani Braganza (2001–2003) Roberto Pagdanganan (2003–2004) Jose Maria Ponce (2004) Rene Villa (2004–2005) Nasser C. Pangandaman (2005–2010)
Secretary of Agriculture	Domingo Panganiban (2001) Leonardo Montemayor (2001–2002) Luis Lorenzo, Jr. (2002–2004) Arthur C. Yap (2004–2005) Domingo Panganiban (2005–2006) Arthur C. Yap (2006–2010)
Secretary of Budget and Management	Emilia Boncodin (2001–2005) Romulo Neri (2005–2006) Rolando G. Andaya, Jr. (2006–2010)
Secretary of Education	Raul Roco (2001–2002) Edilberto de Jesus (2002–2004) Florencio Abad (2004–2005) Ramon Bacani (2005) Fe Hidalgo (2005–2006) Jesli A. Lapus (2006–2010) Mona Valisno (2010)
Secretary of Energy	Jose Isidro Camacho (2001) Vincent S. Perez (2001–2005) Raphael Lotilla (2005–2007) Angelo Reyes (2007–2010) Jose Ibazeta (2010)
Secretary of Environment and Natural Resources	Heherson Alvarez (2001–2003) Eliza Gozun (2003–2004) Mike Defensor (2004–2006) Angelo Reyes (2006–2007) Jose L. Atienza Jr. (2007–2009) Horacio Ramos (2009–2010)
Secretary of Finance	Jose Pardo (2001) Alberto Romulo (2001) Jose Isidro Camacho (2001–2003) Juanita Amatong (2003–2005) Cesar Purisima (2005) Margarito Teves (2005–2010)
Secretary of Foreign Affairs	Teofisto Guingona, Jr. (acting capacity; (2001–2002)) Gloria Macapagal Arroyo (acting capacity; 2002) Blas Ople (2002–2003) Franklin Ebadlin (2003) Gloria Macapagal Arroyo (acting capacity; 2003) Delia Albert (2003–2004) Alberto Romulo (2004–2010)
Secretary of Health	Manuel Dayrit (2001–2005) Francisco T. Duque III (2005–2009) Esperanza Cabral (2009–2010)
Secretary of the Interior and Local Government	Jose Lina, Jr. (2001–2004) Angelo Reyes (2004–2006) Ronaldo V. Puno (2006–2010)
Secretary of Justice	Artemio Tuquero (2001) Hernando Perez (2001–2002) Merceditas Gutierrez (2002–2003) Simeon Datumanong (2003) Merceditas Gutierrez (2003–2004) Raul Gonzales (2004–2009) Agnes Devanadera (2009–2010) Alberto Agra (2010)
Secretary of Labor and Employment	Patricia Santo Tomas (2001–2006) Arturo Brion (2006–2008) Marianito D. Roque (2008–2010)
Secretary of National Defense	Orlando Mercado (2001) Angelo Reyes (2001–2003) Gloria Macapagal Arroyo (acting capacity; 2003) Eduardo Ermita (2003–2004) Avelino Cruz, Jr. (2004–2006) Gloria Macapagal Arroyo (acting capacity; (2006–2007)) Hermogenes Ebdane Jr. (2007) Norberto Gonzales (2007) Gilberto C. Teodoro Jr. 2007–2009 Norberto Gonzales (2009–2010)
Secretary of Pubilc Works and Highways	Simeon Datumanong (2001–2003) Bayani Fernando (2003) Florante Soriquez (2003–2005) Hermogenes Ebdane Jr. (2005–2007) Manuel Bonoan (2007) Hermogenes Ebdane Jr. (2007–2009) Victor Domingo (2009–2010)
Secretary of Science and Technology	Estrella F. Alabastro (2001–2010)
Secretary of Social Welfare and Development	Corazon Soliman (2001–2005) Esperanza Cabral (2005–2009) Celia Yangco (2009–2010)
Secretary of Tourism	Richard Gordon (2001–2004) Robert Ace Barbers (2004) Roberto M. Pagdanganan (2004–2005) Joseph Ace H. Durano (2005–2010)
Secretary of Trade and Industry	Manuel Roxas II (2001–2003) Cesar Purisima (2004–2005) Juan Santos (2005) Peter B. Favila (2005–2010) Jesli Lapus (2010)
Secretary of Transportation and Communications	Pantaleon Alvarez (2001–2002) Leandro Mendoza (2002–2010) Anneli Lontoc (2010)
Executive Secretary	Renato de Villa (2001) Alberto Romulo (2001–2004) Eduardo Ermita (2004–2010) Leandro Mendoza (2010)
Presidential Spokesperson	Elena Bautista-Horn (2001–2010)
Press Secretary	Jesus G. Dureza (2001-2010)
Chairperson of the Commission on Higher Education	Carlito Puno (2001–2007) Romulo Neri (2007–2008) Emmanuel Angeles (2008–2010)
Director-General of the National Economic and Development Authority	Dante Canlas (2001–2002) Romulo Neri (2002–2005) Augusto Santos (2005–2006) Romulo Neri (2006–2007) Augusto Santos (2007–2008) Ralph Recto (2008–2009) Augusto Santos (2009–2010)
Solicitor General	Simeon V. Marcelo (2001–2002) Carlos N. Ortega (2002) Alfredo Benipayo (2002–2006) Antonio Eduardo B. Nachura (2006–2007) Agnes Devanadera (2007–2010) Alberto Agra (2010)
Chairman of the Metropolitan Manila Development Authority	Benjamin Abalos (2001–2002) Bayani Fernando (2002–2009) Oscar Inocentes (2009–2010)
National Security Adviser	Noberto Gonzales (2001–2010)