Trygve Magnus Slagsvold Vedum (born 1 December 1978) is a Norwegian politician and farmer who served as Minister of Finance between 2021 and 2025.

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.

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.

[11][12] On 30 January 2025, he announced that the Centre Party would be withdrawing from government following disagreements over the implementation of the EU's fourth energy package and thereby returning to opposition.

Parliamentary leader Marit Arnstad added that the party would continue to support Jonas Gahr Støre as prime minister.

[15] Vedum further announced he would freeze executive salaries in the state to avoid a paycheck in state-owned companies,.

[17] 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.

[18] 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.

[22] 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.

[23] In early January 2022, Vedum reiterated that the state would pay for the dissolution of forced merged counties, this time regarding Troms og Finnmark.

The package is worth 20,2 billion NOK and notably covers business, culture and volunteering, public transport, aviation and health and care.

[26] At a press conference on 27 February, Vedum announced that the government would be initiating sanctions against the Russian economy and political leadership.

[30] In early May, Vedum sparked controversy when he claimed that Norwegian families' economy generally was going up and could afford more.

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.

[34] 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.

[35] 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.

[36] 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.

[41] Vedum faced criticism in May for his announcement of spending 373 billion NOK of the Oil Fund for the revised state budget.

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.

[46] 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.

[47] 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.

[48] 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.

[50] Vedum presented the state budget for 2025 on 7 October, which notably included: a potential cut in interest rates, a reduction of refugee quotas, 6.8 billion NOK to municipalities, 96.1 billion NOK to transport projects and an increase in climate quotas, among other things.

Culture minister Lubna Jaffery on the other hand reiterated her party's stance on inclusion and acknowledging a third gender, while also calling the debate "imported from the United States" and the issue "made larger than necessary".

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