The Israeli central election commission is expected to present the final election results to the president on 31 March.
According to the press service, on 5 April, the president will hold consultations, and by 7 April, one of the candidates will be chosen for forming the government.
The presidential consultations with representatives of the parties will be broadcast live so that this process is transparent for the citizens of the country.
On 23 March, Israel decided for the fourth time in two years the fate of the country's unicameral national legislature, the Knesset, as the 23rd parliament convocation was automatically dissolved in late December after failing to pass the 2020 state budget on time.
The final vote count showed that Israel's ruling Likud party, led by Prime Minister Benjamin Netanyahu, became the largest seat-holder in the Knesset with 30 seats.
The Yesh Atid, the largest opposition party chaired by Yair Lapid, came in second with 17 seats. Ultra-Orthodox religious political party Shas ranked third with 9.
The centrist Blue and White political alliance became fourth largest party with 8 mandates.
At the same time, neither supporters nor opponents of Prime Minister Netanyahu managed to gain the necessary parliamentary majority of 61 votes in the 120-seat Knesset. If the new convocation fails to form the government in the allocated time frame, it will also be dissolved. The next elections could be scheduled for the fall of 2021.