Trygve Slagsvold Vedum
MP
Minister of Finance
Assumed office
14 October 2021
Prime MinisterJonas Gahr Støre
Preceded byJan Tore Sanner
Leader of the Centre Party
Assumed office
7 April 2014
First DeputyOla Borten Moe
Second DeputyAnne Beathe Tvinnereim
Preceded byLiv Signe Navarsete
Minister of Agriculture and Food
In office
18 June 2012 – 16 October 2013
Prime MinisterJens Stoltenberg
Preceded byLars Peder Brekk
Succeeded bySylvi Listhaug
Parliamentary Leader of the Centre Party
In office
1 October 2009 – 18 June 2012
LeaderLiv Signe Navarsete
Preceded byRune J. Skjælaaen
Succeeded byLars Peder Brekk
Member of the Norwegian Parliament
Assumed office
1 October 2005
DeputyOlov Grøtting
Per Martin Sandtrøen
ConstituencyHedmark
Personal details
Born
Trygve Magnus Slagsvold Vedum

(1978-12-01) 1 December 1978 (age 45)
Hamar, Hedmark, Norway
Political partyCentre
SpouseCathrine Wergeland
Children2
Alma materHedmark University College
University of Oslo
Military service
Allegiance Norway
Branch/service Norwegian Army

Trygve Magnus Slagsvold Vedum (born 1 December 1978) is a Norwegian politician who has served as Minister of Finance since 2021. A member of the Centre Party, which he has led since 2014, he has been a Member of Parliament (MP) for Hedmark since 2005. Vedum also served as Minister of Agriculture and Food from 2012 to 2013.

Early life

Vedum was born in Hamar as a son of Trond Vidar Vedum, a lecturer in biology at Hedmark University College, and teacher Karen Sigrid Slagsvold. After finishing the lower secondary school in Romedal in 1994 he entered the three-year upper secondary education in natural resources management, with two years at Jønsberg and one year at Tomb. Following graduation, he studied sciences for one year at Hedmark University College, before enrolling at the University of Oslo in 1999 where he received a bachelor's degree in political science in 2002.[1]

Political career

Early career

He chaired the Centre Youth from 2002 to 2004, at the time also serving as central board member of the Centre Party. He was elected to Hedmark county council in 1999, serving until 2005. From 2004 to 2005 he also worked as an organizational adviser in the Centre Party and was a board-member of the organisations of Nei til Atomvåpen (No to Nuclear Weapons) og Nei til EU in the period 2005–2007.

Parliament

He was elected to the Parliament of Norway from Hedmark in 2005 and re-elected in 2009 and 2013. Vedum started out in the Standing Committee on Local Government and Public Administration, then changed to the Standing Committee on Health and Care Services in 2008. In October 2008 he became deputy leader here, and also Second Deputy President of the Odelsting as well as party whip. He was also a member of the Electoral Committee from 2005 to 2012, and from 2009 to 2012 the Standing Committee on Foreign Affairs and Defence and the Enlarged Committee on Foreign Affairs and Defence.[1]

Minister of Agriculture and Food

On 18 June 2012, Vedum was appointed to the Stoltenberg's Second Cabinet to serve as Minister of Agriculture and Food. He lost his job after the cabinet fell following the 2013 election. He returned to Parliament, where he took a seat in the Standing Committee on Finance and Economic Affairs.[1]

Party leader

In 2009, he became second deputy leader of the Centre Party, then party leader in 2014. At the time, he was the youngest ever Centre Party leader.[1][2]

Vedum led the party into the 2017 election, with the party becoming a clear winner of the election with 10,3 percent of the vote. The party received their best results since the 1993 election. Despite this, there was no change of government. Vedum himself said one had to look back to the 1990s during the EU debate and the glory days of Per Borten's premiership to find equally good results.[3]

After a lot of speculation, the party convention announced in June 2021 that Vedum would be the party's prime minister candidate for the 2021 election.[4] His party gained 9 seats in Parliament and receiving 13,5 percent of the vote following the election on 13 September.[5] His party had campaigned to end Erna Solberg's centralisation policies, and to form a Labour-Centre Party government, the latter to contrary wishes from Labour leader Jonas Gahr Støre.[6]

Vedum subsequently opened to work with the Socialist Left Party in government, and along with the Labour Party, started pre-negotiations on 23 September. On 29 September, the Socialist Left Party withdrew from negotiations, notably citing lack of progress when it came to petroleum and welfare, among other policies as well. Vedum reassured that his party would still work with the Socialist Left if it would be relevant, and called for immediate negotiations to begin between the Centre Party and Labour Party.[7][8] These negotiations began later that day.[9] On 8 October, Støre and Vedum announced that the new government's platform would be presented on 13 October and that they were ready to form a government on 14 October.[10]

Vedum was mentioned as a candidate for minister of local government, but was then mentioned as a candidate for minister of finance after Støre rejected to appoint Sigbjørn Gjelsvik to the position. This was due to the Labour Party preferring a Centre Party member from their leadership to hold the position, a position Gjelsvik did not hold.[11][12]

Minister of Finance

Vedum was eventually appointed minister of finance in Støre's Cabinet on 14 October 2021.[13]

2021

Over the ensuing electricity price crisis, Vedum stated that he hoped to do something about as soon as possible, saying: "If we reduce the taxes on electricity, and there is something we can approve in the Storting".[14] Vedum further announced he would freeze executive salaries in the state to avoid a paycheck in state-owned companies,.[15] Vedum expressed that there was no "miracle cure" for the electricity price crisis, and said that he couldn't promise measures that rapid cuts in people's electricity bills.[16]

Vedum announced clear measures on taxes and fees to start already in 2022, despite a short deadline with the budget to be presented on 8 November. Of the measures, he said: "We will have a completely different distribution profile. If you earn less than NOK 750,000, you will find that the tax measures and the measures we take will make everyday life easier".[17] A week before the revised budget being presented, Vedum announced that 1,2 billion NOK would be spent on closure threatened primary schools for every year starting in 2022. He did however warn that if a municipality decides to close a school, they would lose their grant for said school.[18] On 8 November, Vedum presented the government's revised state budget.[19]

On 7 December, with new COVID-19 measures being presented, Vedum announced that the compensation scheme would be reintroduced.[20]

On 11 December, Vedum, alongside prime minister Jonas Gahr Støre and minister of petroleum and energy Marte Mjøs Persen, presented a security scheme to battle the rising electricity prices.[21] However, this resulted in a large amount of criticism, as the bill wouldn't be applicable for individuals living in collectives, which is about 20% of the total population. Several have also pointed out that the bill would only make a small dent in the sky-rocketing bills, which had risen 5-10 times to their average prices then previous years by December.[22]

2022

In early January 2022, Vedum reiterated that the state would pay for the dissolution of forced merged counties, this time regarding Troms og Finnmark.[23] Later that month, Vedum and Støre announced that the electricity support would be increased from 55 to 80% until March. Vedum expressed that it was important that the scheme would affect "all wallets". Furthermore, he said that the government would put forward a proposition to the Storting regarding the adjustments.[24]

Vedum put forward a new crisis package with further measures against COVID-19 to the Storting on 14 January. The package is worth 20,2 billion NOK and notably covers business, culture and volunteering, public transport, aviation and health and care. The package did however receive skepticism from the government's preferred working partner, the Socialist Left Party.[25] At a press conference on 27 February, Vedum announced that the government would be initiating sanctions against the Russian economy and political leadership. He also stated the government's goal is to pull the Norwegian Oil Fund completely out of the Russian market.[26] With rising fuel prices following the war in Ukraine, Vedum faced pressure from the Norwegian Automobile Federation, Norwegian Truck Federation and several of his own MPs to reduce fuel taxes. Vedum told TV2 that the fuel prices would be a topic at the government's budget conference, but also rejected the possibility of a compensation scheme for the rising fuel prices.[27]

On 24 March, Vedum announced the nomination of Ida Wolden Bache to become governor of Norges Bank, after Jens Stoltenberg resigned as incoming governor in order to continue as NATO Secretary-General for another year. At the same time, he expressed understanding for his decision and praised Wolden Bache, stating that "we will get a good governor for Norges Bank in Wolden Bache". Norges Bank stated that Vedum would put forward the nomination for a six-year term, to be accepted at the State Council as soon as possible.[28] Wolden Bache was formally appointed on 1 April.[29]

In early May, Vedum sparked controversy when he claimed that Norwegian families' economy generally was going up and could afford more. His claim was criticised by the opposition and economic experts and professors. Progress Party leader Sylvi Listhaug remarked that Norwegian families could generally afford less.[30] Vedum remained firm of the calculation and denied that he or the Ministry of Finance had tried to "add make-up" to it.[31]

On 4 June, Vedum announced that he would tighten the tax rules regarding the use of private airplanes and properties. The burden of proof from the Tax Administration to the company in question and the owner; which would mean that one would need to show that i.e. a private plane would be used for coming business and not for private use.[32]

In August, Vedum stated that less petroleum money should be used in 2023. This came after SSB announced new numbers that showed that the prices had risen with 6,8% when it came to travelling, fuel, alcohol free beverages and food products.[33] On 27 August, Vedum announced that an electricity safety scheme would continue to be in place beyond March 2023, and that it would be the government's recommendation to the Storting. He stated: "When we adopted the safety scheme last autumn, the analyzes indicated that prices could normalize this summer. There is nothing to indicate that this will happen. Therefore, people can feel secure that we will have an safety scheme as long as we have these extraordinary times that we now have".[34]

On 21 September, Vedum welcomed debate about the interest rate jumps, but declined the Norwegian Confederation of Trade Unions's economic chief, Roger Bjørnstad's demand to talk to the Governor of the Central Bank about the issue. He stated: "I strongly disagree with Bjørnstad that I should whisper anything in the central bank governor's ear. We must have order and clear rules of the game. We have to look at the long lines: such an informal management dialogue would not create stability. There must be a wall between Norges Bank and us as politicians in day-to-day management".[35]

At an unexpected press conference held on 28 September, Vedum and prime minister Jonas Gahr Støre announced that the government would be taking in 33 billion NOK from the power producers and aquaculture industries. The announcement was heavily criticised and the aquaculture industry went out against the possibility of a basic interest tax for aquaculture and expressed that it would "shut off the lights along the coast".[36]

On 6 October, Vedum presented the government's state budget for 2023.[37]

Vedum met his European counterparts from the EU and EFTA countries in Brussels on 8 November. He also met with European Commissioner for Financial Stability Mairead McGuinness and European Commissioner for Economy Paolo Gentiloni, where he demanded changes in the EU rules for state aid and the practice of differentiated employer's contribution. He reasoned that the rules specifically effected companies in Northern Norway.[38]

2023

In January 2023, Vedum visited Brussels to convince EFTA to accept Norway's interpretation of state aid rules for so-called companies in difficulty, which they later accepted. Vedum called the decision "an important breakthrough". He also said that he would inform the Norwegian Tax Administration about the decision and instruct them to go through tax cases again with the new interpretation as basis.[39]

In February, prime minister Jonas Gahr Støre, accompanied by Vedum and energy minister Terje Aasland, announced that the electricity support scheme would be expanded until 2024. Vedum stated that the government's goal was to stabilise electricity prices. He also stated that the government would put down a commission to look into how the electricity market will handle it, with their findings to be delivered on 15 October.[40]

Vedum faced criticism in May for his announcement of spending 373 billion NOK of the Oil Fund for the revised state budget. The opposition expressed concerns over the implications for the rising interest rates, while economists said that the action could result in a rise for the interest rate, but that it seemed reasonable and likely wouldn't result in inflation. The Socialist Left Party praised the action, and that it would help in strengthening welfare.[41]

In August, Vedum, alongside energy minister Terje Aasland and prime minister Jonas Gahr Støre announced that the government would move in for electrification of the Melkøya power plant. The move would ensure the plant to stay operational until at least 2040.[42] Vedum faced criticism from local party chapters in Northern Norway over the decision.[43]

Vedum presented the government's state budget for 2024 on 6 October. Several of the government's outlined priorities and cuts were criticised by the opposition parties, which included tax reliefs, the interest rate, rise in expenses and the environment among other things.[44]

Vedum led the negotiations for the 2024 state budget together with the Labour Party and parliament partner, the Socialist Left Party. The negotiations began on 13 November and wrapped on 3 December. He called the result a "safe and responsible" budget which had been adapted to the exceptional circumstances the country was facing.[45]

2024

In January, Vedum was criticised by the Socialist Left Party following the release of a report by Statistics Norway which revealed that 10% of the country's richest people earned more than 50% of the national net worth. They further asked the government to do more about inequality in wealth among citizens, which Vedum claimed they were doing, and cited other measures like reallocating funds to families, pensioners, kindergartens and increasing student support as per the government's budget deal with the party.[46]

Vedum and justice minister Emilie Mehl announced a government plan in March to increase funding to the police for them to combat criminal networks dealing in economic crimes and theft of other valuables.[47]

Alongside prime minister Jonas Gahr Støre and defence minister Bjørn Arild Gram, Vedum announced in April that the government would be spending 600 billion NOK in the Norwegian Army in the next twelve years as part of their long term plan for the army. The plan would put much more emphasis on conscription, the Navy, Army and Home Guard.[48]

Other

Vedum has also been a deputy board member of Folk og Forsvar (1999–2000) and a board member of Nei til atomvåpen (2005–2007), Nei til EU (2005–2007), Norway's Contact Committee for Immigrants and the Authorities (2006–) and Menighetssøsterhjemmet (2007–2009).[1]

Vedum participated in the first season of the Norwegian equivalent of The Masked Singer, Maskorama, disguised as The Scarecrow.[49]

He made a guest appearance in the final of Farmen 2022.[50]

Personal life

He is the son of teacher and children's book author Trond Vidar Vedum (1946–) and teacher Karen Sigrid Slagsvold (1949–). He is married to Cathrine Wergeland and has two children.[51] He also likes dancing.[52][53]

Health

At the party convention in March 2023, Vedum revealed that he had been diagnosed with multiple sclerosis in 2020, but went through treatment and was stabilised by 2021.[54]

Bibliography

References

  1. ^ a b c d e "Trygve Slagsvold Vedum" (in Norwegian). Storting.
  2. ^ "Trygve Slagsvold Vedum er tidenes yngste Sp-leder" (in Norwegian). Aftenposten. 7 April 2014. Retrieved 8 April 2014.
  3. ^ "Vedum: – Dette er en strålende kveld for Senterpartiet!" (in Norwegian). Aftenposten. 11 September 2017. Retrieved 10 September 2021.
  4. ^ "Statsministerkandidaten som alltid smiler" (in Norwegian). NRK. 5 June 2021. Retrieved 13 July 2021.
  5. ^ "Valgresultat for Senterpartiet – Valg 2021" (in Norwegian). NRK. 14 September 2021. Retrieved 15 September 2021.
  6. ^ "Jubel på Senterpartiets valgvake: – Det er en merkedag" (in Norwegian). NRK. 13 September 2021. Retrieved 15 September 2021.
  7. ^ "SV bryter sonderingene på Hurdal: − Stor skuffelse" (in Norwegian). Verdens Gang. 29 September 2021. Retrieved 29 September 2021.
  8. ^ "Vedum: – Vi bør gå i gang med forhandlinger så fort som mulig" (in Norwegian). ABC Nyheter. 29 September 2021. Retrieved 29 September 2021.
  9. ^ "Ap og Sp går i regjeringsforhandlinger: − Nå utvider jeg alfabetet" (in Norwegian). Verdens Gang. 29 September 2021. Retrieved 29 September 2021.
  10. ^ "Støre: – Vi er enige om å danne regjering" (in Norwegian). NRK. 8 October 2021. Retrieved 8 October 2021.
  11. ^ "Kilder til TV 2: Disse ligger an til å bli Støres første statsråder" (in Norwegian). TV 2. 9 October 2021. Retrieved 11 October 2021.
  12. ^ "Vedum blir trolig finansminister" (in Norwegian). NRK. 11 October 2021. Retrieved 11 October 2021.
  13. ^ "Norge har fått ny regjering" (in Norwegian). NRK. 14 October 2021. Retrieved 14 October 2021.
  14. ^ "Håper regjeringen kutter elavgift og moms på strøm" (in Norwegian). NRK. 18 October 2021. Retrieved 18 October 2021.
  15. ^ "Vedum vil fryse lederlønninger i staten" (in Norwegian). ABC Nyheter. 19 October 2021. Retrieved 19 October 2021.
  16. ^ "Vedum: Ingen mirakelkur mot høye strømpriser" (in Norwegian). ABC Nyheter. 20 October 2021. Retrieved 21 October 2021.
  17. ^ "Vedum: Kommer med lovnad til de som tjener under 750 000" (in Norwegian). Dagbladet. 29 October 2021. Retrieved 29 October 2021.
  18. ^ "Årlig milliardpakke mot skoledød fra regjeringen" (in Norwegian). Verdens Gang. 5 November 2021. Retrieved 5 November 2021.
  19. ^ "8. november 2021 - Støre-regjeringens endringer" (in Norwegian). NRK TV. 8 November 2021. Retrieved 8 November 2021.
  20. ^ "Regjeringen gjeninnfører meteren" (in Norwegian). NRK. 7 December 2021. Retrieved 7 December 2021.
  21. ^ "Så mye billigere kan strømregningen din bli" (in Norwegian). TV 2. 11 December 2021. Retrieved 11 December 2021.
  22. ^ "Strømprisene er rekordhøye fordi politikerne haver inn milliardbeløp på strømregningene" (in Norwegian). Nettavisen. 6 December 2021. Retrieved 20 December 2021.
  23. ^ "Vedum: Staten tar regningen for kommune- og fylkesoppløsning" (in Norwegian). Nye Troms. 5 January 2022. Retrieved 5 January 2022.
  24. ^ "Støre og Vedum: - Øker strømstøtten til 80 prosent" (in Norwegian). Verdens Gang. 8 January 2022. Retrieved 8 January 2022.
  25. ^ "Vedum ber Stortinget om 20,2 milliarder kroner til coronatiltak" (in Norwegian). ABC Nyheter. 14 January 2022. Retrieved 14 January 2022.
  26. ^ "Norge trekker Oljefondet ut av Russland" (in Norwegian). Verdens Gang. 27 February 2022. Retrieved 27 February 2022.
  27. ^ "Bensinprisen kan bikke over 30 kroner literen. Økt press på Vedum for å få ned avgiftene" (in Norwegian). Aftenposten. 9 March 2022. Retrieved 10 March 2022.
  28. ^ "Vedum: – En god sjef for Norges Bank" (in Norwegian). NRK. 24 March 2022. Retrieved 24 March 2022.
  29. ^ "Ida Wolden Bache formelt utnevnt til sentralbanksjef" (in Norwegian). ABC Nyheter. 1 April 2022. Retrieved 2 April 2022.
  30. ^ "Meiner Vedum prøver å sminke reknestykket" (in Norwegian Nynorsk). NRK. 2 May 2022. Retrieved 3 May 2022.
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  34. ^ "Vedum lover strømstøtte i hele 2023" (in Norwegian). ABC Nyheter. 27 August 2022. Retrieved 28 August 2022.
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  37. ^ "6. oktober 2022 - Statsbudsjettet lagt frem" (in Norwegian). NRK TV. 6 October 2022. Retrieved 27 October 2022.
  38. ^ "Vedum om Europas gasskrise: – Ikke jeg som bestemmer prisene" (in Norwegian). ABC Nyheter. 8 November 2022. Retrieved 8 November 2022.
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  41. ^ "Får kritikk for oljepengebruken: − Jeg er overrasket" (in Norwegian). Verdens Gang. 11 May 2023. Retrieved 11 May 2023.
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  43. ^ "Krangel i Senterpartiet etter Melkøya-avgjørelse: – Alle er lynforbanna" (in Norwegian). NRK Troms og Finnmark. 11 August 2023. Retrieved 12 August 2023.
  44. ^ "SV om budsjettet: Fjerner ikke matkøene" (in Norwegian). Verdens Gang. 6 October 2023. Retrieved 6 October 2023.
  45. ^ "SV og regjeringa einige om budsjett – Venstre kallar det "juksepengar"" (in Norwegian Nynorsk). NRK. 3 December 2023. Retrieved 3 December 2023.
  46. ^ "SV tordner mot Vedum: – Forskjellene i makt og rikdom har blitt altfor store" (in Norwegian). NRK. 17 January 2024. Retrieved 17 January 2024.
  47. ^ "Vedum og co. vil knuse gjengene: – Må stoppe pengestrømmene" (in Norwegian). Verdens Gang. 22 March 2024. Retrieved 22 March 2024.
  48. ^ "Styrker forsvaret med 600 milliarder kroner. Slik skal de bruke pengene" (in Norwegian). Aftenposten. 5 April 2024. Retrieved 6 April 2024.
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  50. ^ "Derfor debuterer Trygve Slagsvold Vedum (Sp) på Farmen" (in Norwegian). TV 2. 20 November 2022. Retrieved 21 November 2022.
  51. ^ "Babylykke for Sp-Trygve" (in Norwegian). Verdens Gang. 22 June 2011. Retrieved 31 December 2012.
  52. ^ "Sp-Trygve avvist av fru Obama" (in Norwegian). Verdens Gang. 11 December 2009. Retrieved 31 December 2012.
  53. ^ "Danse-Trygve vil finne takten med bøndene" (in Norwegian). NRK. 18 June 2012. Retrieved 31 December 2012.
  54. ^ "Vedum åpen om sykdomsdrama: Har fått MS-diagnose" (in Norwegian). Verdens Gang. 17 March 2023. Retrieved 17 March 2023.
  55. ^ "Jan Bøhler tar kraftig oppgjør med Ap i ny bok" (in Norwegian). ABC Nyheter. 23 August 2021. Retrieved 15 September 2021.
Political offices Preceded byLars Peder Brekk Minister of Agriculture and Food 2012–2013 Succeeded bySylvi Listhaug Preceded byJan Tore Sanner Minister of Finance 2021–present Incumbent Party political offices Preceded byLiv Signe Navarsete Leader of the Centre Party 2014–present Incumbent Preceded byLiv Signe Navarsete Second Deputy Leader of the Centre Party 2009–2014 Succeeded byAnne Beathe Tvinnereim
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