Erna Solberg

On October 16, 2013, Solberg became Prime Minister, leading a coalition government of the Conservative Party and the Progress Party, with support from the Liberal Party and Christian Democratic Party. This ended eight years of Labour rule.

Solberg's government introduced tax cuts for businesses and high-income earners, along with deregulation of the housing market and labor laws. These policies aimed to boost economic growth but were criticized for increasing inequality.

Solberg's government faced a sharp drop in oil prices in 2014, which reduced Norway's oil revenues. She implemented fiscal restraint and used the sovereign wealth fund to stabilize the economy, avoiding a recession but slowing growth.

Solberg was re-elected in September 2017, continuing her coalition government. Her second term focused on climate policy, immigration reform, and further tax cuts, but she faced challenges from a resurgent Labour Party.

Solberg's government oversaw the expansion of the Government Pension Fund Global to over $1 trillion in assets. She also introduced ethical guidelines for the fund, including divestment from companies involved in coal and tobacco.

Solberg's government implemented strict lockdown measures and economic support packages during the COVID-19 pandemic. Norway had relatively low infection and death rates compared to many European countries, but the measures were criticized for their economic impact.

Solberg lost the general election in September 2021 to the Labour Party led by Jonas Gahr St