Minister of Economics (Sweden) explained

Post:Minister of Economics
Body:Sweden
Native Name:Ekonomiminister
Insignia:Lilla riksvapnet - Riksarkivet Sverige.png
Insigniacaption:Lesser coat of arms of Sweden
Department:Ministry of Economics
Appointer:The Prime Minister
Termlength:No fixed term
Termlength Qualified:Serves as long as the Prime Minister sees fit
Formation:1976
First:Gösta Bohman
Last:Kjell-Olof Feldt
Abolished:31 December 1982

The Minister of Economics[1] (Swedish: Ekonomiminister) was a member of the government of Sweden. The minister of economics was the head of the Ministry of Economics from 1976 to 1982 which dealt with long-term guidelines for economic policy, the principle orientation of financial and credit policy, international economic cooperation, statistics, questions regarding banking and insurance, the stock exchange and the monetary system.

History

The post of minister of economics was created after the 1976 general election when the Ministry of Finance was split into two; The Ministry of Economics and the Ministry of the Budget. The Ministry of Economics would primarily work with general guidelines for economic policy and the principled direction of fiscal and credit policy measures. Gösta Bohman of the Moderate Party became the first minister of economics in Thorbjörn Fälldin's First Cabinet and he was given the task of handling the long-term economic policy, while Ingemar Mundebo of the Liberal People's Party was appointed minister for the budget with handling taxes and salaries etc.[2] The cabinet resigned on 18 October 1978 following discord in the area involving nuclear power. The cabinet was succeeded by Ola Ullsten's First Cabinet. Ingemar Mundebo became minister of economics and minister for the budget.[3]

The cabinet resigned on 12 October 1979 following the 1979 general election to make way for a coalition majority government led by Thorbjörn Fälldin. The cabinet was succeeded by Thorbjörn Fälldin's Second Cabinet where Gösta Bohman again became minister of economics. The division of duties between minister of economics Gösta Bohman and minister for the budget Ingemar Mundebo was the same as in the previous three-party government.[4] Bohman resigned in May 1981 and was succeeded by the liberal Rolf Wirtén as minister of economics and for the budget in Thorbjörn Fälldin's Third Cabinet.[5] The 1982 general election saw the return of the Swedish Social Democratic Party to power after six years in opposition. Kjell-Olof Feldt was appointed minister of economics and for the budget in Palme's Second Cabinet. The Ministry of Finance was re-established on 1 January 1983 and thus the Ministry of Economics and the post of minister of economics were abolished.[6]

List of officeholders

1976–1982

PortraitMinister
(Born-Died)
TermPolitical PartyCoalitionCabinet
width=11%Took officewidth=11%Left officewidth=10%Duration

Notes and References

  1. Book: Gullberg, Ingvar E. . Svensk-engelsk fackordbok för näringsliv, förvaltning, undervisning och forskning . A Swedish-English dictionary of technical terms used in business, industry, administration, education and research . 2nd . 1977 . Norstedt . Stockholm . sv . 91-1-775052-0 . . 176.
  2. News: Bohman leder delat finansdepartement . . Bohman leads a divided finance ministry . 1 . 274 . 8 October 1976 . 10 November 2022 . sv . subscription.
  3. News: Ullsten lovar sänka skatten, höja bidragen . . Ullsten promises to lower taxes, increase subsidies . 1 . 283 . 19 October 1978 . 10 November 2022 . sv . subscription.
  4. News: Statsrådsposterna klara: Problem för c in i det sista . . The cabinet minister positions ready: Problems for the Centre Party to the end . Elisabeth . Crona . Claes-Göran . Kjellander . Sophie . Petzell . 5 . 277 . 12 October 1979 . 10 November 2022 . sv . subscription.
  5. News: Fälldin tar hårt tag om ekonomin . . Fälldin has a firm grip on the economy . 1 . 138 . 23 May 1981 . 10 November 2022 . sv . subscription.
  6. News: På nya poster i nya departementen . . New posts in new ministries . Kerstin . Johansson . 11 . 349 . 24 December 1982 . 10 November 2022 . sv . subscription.