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In a live television program, the speaker of the Israeli parliament, Yariv Levin, announced that early elections would be held in March 2021, due to the budget denial.
The Likud party of Prime Minister Binyamin Netanyahu and the Blue-White Alliance, headed by Defense Minister Gantz, have not been able to approve the 2020 budget, so the country will again go to early elections. As the budget could not be put to a vote today, parliament was legally dissolved and the mandatory process of early elections began.
With this development, Israel is sure to hold snap elections for the fourth time in the past two years. Early elections are expected to be held in March under the current Prime Minister Binyamin Netanyahu government.
Netanyahu and Gantz decided to form a coalition government to find a solution to the current government crisis in the country following the elections held on March 2, 2020. The coalition government made up of two rival politicians took office in May. However, the coalition government formed by Netanyahu and Gantz did not agree with the adoption of the annual budget.
Netanyahu only wanted Parliament to pass the 2020 annual budget, while Gantz wanted 2021 to be included in the vote. Due to the difference of opinion between the two leaders, there was no result from the session held in August and the vote on the 2020 annual budget was postponed to December.
By law, early elections would be mandatory if the 2020 annual budget did not pass through Parliament until December 23.