Israeli Lawmakers Vote in Favor of Dissolving Parliament

© AP Photo / Ariel SchalitThe opening session of the KnessetIsrael's Prime Minister Benjamin Netanyahu speaks during the opening session of the Knesset, Israel's parliament, in Jerusalem, Monday, Oct. 27, 2014.
The opening session of the KnessetIsrael's Prime Minister Benjamin Netanyahu speaks during the opening session of the Knesset, Israel's parliament, in Jerusalem, Monday, Oct. 27, 2014. - Sputnik International
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The dissolution of the Israeli parliament was supported by 84 parliamentarians, according to local media. Earlier in the day, a Knesset speaker announced that early elections would be held March 17.

Israeli Prime Minister Benjamin Netanyahu's decision to disband the governing coalition and set up a snap general election is expected to cost the country 2 billion shekels (about $500 million) - Sputnik International
Early Election to Cost Israel $500 Mln: Reports
TEL AVIV, December 3 (Sputnik) — Israeli lawmakers voted in favor of dissolving the Knesset, the country's parliament, on Wednesday after the heads of parliamentary factions agreed to hold early elections on March 17.

The dissolution of the country's parliament was supported by 84 parliamentarians, according to local media.

Earlier in the day, Knesset Speaker Yuli Edelstein announced that early elections would be held March 17.

Премьер-министр Израиля Беньямин Нетаньяху. Архив - Sputnik International
Netanyahu Fires Two Key Ministers, Calls Snap Elections in Israel
Prime Minister Benjamin Netanyahu announced the decision to hold early elections on Tuesday, after failing to overcome a dispute within his ruling coalition and firing his centrist partners from the finance and justice ministerial posts. Both ministers have severely criticized Netanyahu's government and its policies lately, in particular, its plans to increase defense expenditures and the controversial "Jewish state" bill that declared Israel a nation-state of the Jewish people. Netanyahu stressed that he would "no longer tolerate an opposition within the government."

Mid-November polls commissioned by major Israeli media outlets suggest that Netanyahu will most likely be re-elected for his third consecutive term as prime minister, the fourth in his career, expanding his rightist Likud party's presence in the Knesset.

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