Cesar Virata

This name uses Philippine naming customs. The first or maternal family name is Aguinaldo and the second or paternal family name is Virata.
Cesar A. Virata

Virata as Secretary of Finance in 1983
4th Prime Minister of the Philippines
In office
June 30, 1981  February 25, 1986
President Ferdinand Marcos
Deputy José Roño
Preceded by Ferdinand Marcos
Succeeded by Salvador Laurel
3rd Director-General of the National Economic and Development Authority
Concurrently Prime Minister of the Philippines
In office
Preceded by Placido Mapa, Jr.
Succeeded by Vicente Valdepeñas, Jr.
Minister of Finance
In office
February 9, 1970  March 3, 1986
Preceded by Eduardo Romualdez
Succeeded by Jaime Ongpin
Mambabatas Pambansa (Assemblyman) from Cavite
In office
June 30, 1984  March 25, 1986
Served with:
Helena Z. Benitez
Renato P. Dragon
Mambabatas Pambansa (Assemblyman) from Region IV
In office
June 12, 1978  June 5, 1984
Personal details
Born (1930-12-12) December 12, 1930
United States Kawit, Cavite, Philippine Islands
Political party Kilusang Bagong Lipunan (1978–1986)
Religion Iglesia Filipina Independiente

Cesar Emilio Aguinaldo Virata (born 12 December 1930) is a Filipino politician and businessman who was the fourth Prime Minister of the Philippines from 1981 to 1986. He is the eponym of the Cesar Virata School of Business, the business school of the University of the Philippines Diliman.


One of the Philippines' business leaders and leading technocrats, he served as Finance Minister from 1970 to 1986 under President Ferdinand Marcos. 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 Senator Benigno Aquino, Jr.

Government service

Virata served as Prime Minister of the Philippines[1] from 1981 to 1986 under the Interim Batasang Pambansa and the Regular Batasang Pambansa, concurrently with his position as Finance Minister.

Cesar Virata and wife Phylita "Joy" Gamboa Virata at the eulogy for Onofre Corpuz, April 1, 2013.

He also headed the National Economic and Development Authority (NEDA), the country's highest economic planning body, while also serving as the Prime Minister. Virata was the third to occupy the position and was succeeded by economist Vicente Valdepeñas, Jr..


He was replaced as Prime Minister in the aftermath of the 1986 People Power Revolution by Salvador Laurel. Laurel succeeded Virata as Prime Minister on 25 February 1986, through the appointment of Corazon Aquino, but the position was abolished a month later by Proclamation No. 3 (the 'Freedom Constitution'). The office was confirmed as superseded by the 1987 Constitution, which restored the double office of head of state and head of government to the President.


Prior to assuming leadership positions in the government service during the Marcos regime, Virata used to teach at the business school of the University of the Philippines Diliman. He served as dean of the College of Business Administration, which was named after him on April 12, 2013 by the University of the Philippines Board of Regents (BOR) as the Cesar E.A. Virata School of Business. Several interest groups, including U.P. Kilos Na, have protested this renaming of the business school, and the BOR decided to restudy its decision during its board meeting held last July 29, 2013.


Virata 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 specialising in infectious diseases. The grandnephew of the first President, Emilio Aguinaldo, Virata holds an MBA from the Wharton School of the University of Pennsylvania. Virata is also an accomplished tennis player. His uncle, Leonides Sarao Virata, also served during under Marcos as Secretary of Trade and Industry and chairman of the Development Bank of the Philippines.


See also

Political offices
Preceded by
Ferdinand Marcos
Prime Minister of the Philippines
Succeeded by
Salvador Laurel
Preceded by
Eduardo Romualdez
Secretary of Finance
Succeeded by
Jaime Ongpin
House of Representatives of the Philippines
New constituency Member of Parliament for Cavite
Constituency abolished

Preceded by
Gerardo Sicat
Head of the National Economic and Development Authority
1981 1986
Succeeded by
Winnie Monsod


  1. "Aquino Abolishes Assembly, Declares Interim Government". Milwaukee Journal. AP. 25 March 1986. p. 3. Retrieved 30 September 2010.
  2. Kristine Angeli Sabillo (25 November 2016). "Marcos admin PM Virata receives award from Japanese gov't". Philippine Daily Inquirer. Retrieved 25 November 2016.
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