"Should our party [Likud], led by Netanyahu, [be] able to form a center-right coalition supported by 67 out of 120 Knesset members, I can predict it may finish serving a full four-years' term," a lawmaker and chairman of the Knesset's Foreign Affairs and Defense Committee, Zeev Elkin, told Sputnik.
Netanyahu's government took office in early 2013, only to be dissolved in December 2014, after the prime minister failed to overcome a dispute within his ruling coalition and dismissed the finance and justice ministers.
"That is the plan that the prime minister and Likud party have in mind for the next government," Elkin said, adding that "it will, however, depend on the party leaders and their readiness to compromise."
The incumbent prime minister, Netanyahu, who led his right-wing Likud party to victory during the March 17 general elections, has already begun forming his next government, which will be composed of the Likud, Kulanu, Bayit Yehudi, Shas, United Torah Judaism, and Yisrael Beytenu.
According to information leaked to the Israeli press, leaders of these parties have been trying to outbid one another in their demands for cabinet portfolios.
"Every politician has ambitions, but the Likud party and Prime Minister Netanyahu are more concerned about forming a stable coalition," Elkin asserted.
Throughout Israeli history, every government has been based on a coalition made up of several parties. Those remaining outside the government make up the opposition.
The source close to Netanyahu revealed earlier that the prime minister is keen to keep his campaign promise to turn Israel into a two-party system with a government that would last four years.
Under Israeli law, Netanyahu has 28 days to form a government. Israel's President Reuven Rivlin may extend the term by an additional period of time, but no more than 14 days.