Cesar Virata
Encyclopedia
Cesar Enrique Aguinaldo Virata (b. December 12, 1930) is a former Prime Minister
of the Philippines
from 1981-1986 under the Interim Batasang Pambansa
and the Regular Batasang Pambansa
. One of the Philippines' business leaders and leading technocrats, he served as Finance Minister
from 1970 during the Marcos regime and also through election became Prime Minister in 1981. He concurrently was Finance Minister
throughout the 80's. He is the grandnephew of the first Philippine President, Emilio Aguinaldo
.
He had a term as Minister of Finance from 1970 to 1986. It was during this time that the Philippines became economically strong through healthy trade and budgetary surpluses. However, other studies show budgetary deficits during the same period (PIDS, Budget Deficits, 2004, 4(1)), particularly during the later years of the Marcos regime. These deficits were precipitated by the oil crises' and the mass protests against the Marcos regime (supported by the international financial community) following the assassination of opposition leader Benigno Aquino Jr.
He was replaced as prime minister, eventually through revolution, by Salvador Laurel
. Laurel became the Prime Minister on February 25, 1986, through the appointment of Corazon Aquino
. The position was abolished one month later by Proclamation No. 3 of Aquino, and confirmed later by the 1987 Constitution
.
He is married to Phylita Joy Gamboa, a popular stage actress, and has three children: Steven Cesar, a businessman, Gillian Joyce, an international policy analyst, and Michael Dean, a doctor specializing in infectious diseases. He holds an MBA from the Wharton School of the University of Pennsylvania
. Virata is also an accomplished tennis player.
|-
|-
|-
Prime minister
A prime minister is the most senior minister of cabinet in the executive branch of government in a parliamentary system. In many systems, the prime minister selects and may dismiss other members of the cabinet, and allocates posts to members within the government. In most systems, the prime...
of the Philippines
Philippines
The Philippines , officially known as the Republic of the Philippines , is a country in Southeast Asia in the western Pacific Ocean. To its north across the Luzon Strait lies Taiwan. West across the South China Sea sits Vietnam...
from 1981-1986 under the Interim Batasang Pambansa
Interim Batasang Pambansa
The Interim Batasang Pambansa or the First Batasan was the legislature of the Republic of the Philippines from its inauguration on June 12, 1978 to June 5, 1984...
and the Regular Batasang Pambansa
Regular Batasang Pambansa
The Regular Batasang Pambansa or the Second Batasan was the meeting of the parliament of the Philippines from the beginning of its session on July 23, 1984 until it was abolished by President Corazon Aquino on March 25, 1986....
. One of the Philippines' business leaders and leading technocrats, he served as Finance Minister
Finance minister
The finance minister is a cabinet position in a government.A minister of finance has many different jobs in a government. He or she helps form the government budget, stimulate the economy, and control finances...
from 1970 during the Marcos regime and also through election became Prime Minister in 1981. He concurrently was Finance Minister
Finance minister
The finance minister is a cabinet position in a government.A minister of finance has many different jobs in a government. He or she helps form the government budget, stimulate the economy, and control finances...
throughout the 80's. He is the grandnephew of the first Philippine President, Emilio Aguinaldo
Emilio Aguinaldo
Emilio Aguinaldo y Famy was a Filipino general, politician, and independence leader. He played an instrumental role during the Philippines' revolution against Spain, and the subsequent Philippine-American War or War of Philippine Independence that resisted American occupation...
.
He had a term as Minister of Finance from 1970 to 1986. It was during this time that the Philippines became economically strong through healthy trade and budgetary surpluses. However, other studies show budgetary deficits during the same period (PIDS, Budget Deficits, 2004, 4(1)), particularly during the later years of the Marcos regime. These deficits were precipitated by the oil crises' and the mass protests against the Marcos regime (supported by the international financial community) following the assassination of opposition leader Benigno Aquino Jr.
He was replaced as prime minister, eventually through revolution, by Salvador Laurel
Salvador Laurel
Salvador Roman Hidalgo Laurel , also known as Doy Laurel, was Vice President of the Philippines from 1986 to 1992 under Corazon Aquino. Before that, he briefly served as Aquino's first Prime Minister from February 25 to March 25 of 1986...
. Laurel became the Prime Minister on February 25, 1986, through the appointment of Corazon Aquino
Corazon Aquino
Maria Corazon Sumulong Cojuangco-Aquino was the 11th President of the Philippines and the first woman to hold that office in Philippine history. She is best remembered for leading the 1986 People Power Revolution, which toppled Ferdinand Marcos and restored democracy in the Philippines...
. The position was abolished one month later by Proclamation No. 3 of Aquino, and confirmed later by the 1987 Constitution
Constitution of the Philippines
The Constitution of the Philippines is the supreme law of the Philippines.The Constitution currently in effect was enacted in 1987, during the administration of President Corazon Aquino, and is popularly known as the "1987 Constitution"...
.
He is married to Phylita Joy Gamboa, a popular stage actress, and has three children: Steven Cesar, a businessman, Gillian Joyce, an international policy analyst, and Michael Dean, a doctor specializing in infectious diseases. He holds an MBA from the Wharton School of the University of Pennsylvania
Wharton School of the University of Pennsylvania
The Wharton School is the business school of the University of Pennsylvania, an Ivy League university in Philadelphia, Pennsylvania. Wharton was the world’s first collegiate business school and the first business school in the United States...
. Virata is also an accomplished tennis player.
See also
- Prime Minister of the PhilippinesPrime Minister of the PhilippinesThe Prime Minister of the Philippines was the official designation of the head of the government of the Philippines from 1978 until People Power Revolution in 1986...
- National Economic and Development Authority (Prime Minister was also the head of the NEDA)
|-
|-
|-