Having agreed to postpone a looming budget deadline, Israeli Prime Minister Benjamin Netanyahu on August 23 prevented the fourth national elections in less than two years. Netanyahu, Likud party leader and Benny Gantz, leader of the centrist Blue and White party, reached a power-sharing agreement in April to form a government and to address the COVID-19 crisis.
During his address to a broadcast press conference, the Israeli PM said that he will support a bill to push the deadline by 100 days, for approval of the state budget. Adding further he said, “Now is the time for unity, not for elections. This compromise deal is the right answer to the Israeli economy at this time.”
Under the Israeli law, if the government, within 90 days of its formation, doesn’t approve a state budget, the parliament automatically dissolves. And the deadline this time would have expired on August 24.