Netanyahu stated that it is "unnecessary and wrong" to call snap Israeli polls.
"In a period of security sensitivity, it's unnecessary and wrong to go to elections," Netanyahu said at the start of a cabinet meeting.
Earlier, the prime minister announced his plans to meet with Finance Minister Moshe Kahlon to discuss the situation. Netanyahu sees the meeting with the finance minister as the last decisive attempt to prevent elections. Kahlon heads the Kulanu centrist party, which with 10 seats in the Knesset is the largest coalition ally of the ruling Likud party.
If a collapse of the coalition is unavoidable, the Knesset will need to dissolve itself and set a date for early elections. The lawmakers will continue to work until the day of national voting, and the government until the formation of a new one. The terms of cabinet and the parliament, both formed in 2015, expire in November next year.
Lieberman announced his resignation over disagreements with other members of the cabinet regarding the cessation of hostilities against Palestinian militants in the Gaza Strip.