On Monday, coalition leaders in Israel's government voted unanimously "out of national and budgetary responsibility" to go to elections in early April.
New elections are tentatively scheduled for April 9, 2019, four years since the last election, and six months before the previously scheduled election date of November 5, 2017.
Coalition party heads in Prime Minister Benjamin Netanyahu's government have made a decision to dissolve parliament and hold elections in early April "in the name of budgetary and national responsibility", the statement distributed by a spokesman for Netanyahu's Likud party said. Netanyahu, however, managed to keep his government going for a month after the publicity generated by the resignation had died down, thereby severing the causal connection between Liberman's move, his fury at the transfer of millions of dollars to Hamas and the restraint shown towards its regime in Gaza - and the start of an election campaign.
Netanyahu has been governing with a majority of a single seat in parliament since November when Defence Minister Avigdor Lieberman quit the government.
But a new law extending the military draft to ultra-Orthodox men appears to have triggered the government's downfall.
But exemptions have caused widespread resentment among the rest of Jewish Israelis.
Outside Likwd, Yair Lapid, head of the centrist Yesh Atid opposition party, is seen as the strongest candidate to succeed Netanyahu in any upset.
He said the coalition's potential compromise was a bad deal and his party "will not give a hand to draft dodging".
Israel will hold early elections as parliament prepares to dissolve
Another victory for Netanyahu would assure his place in history as Israel's longest-serving leader and allow him to solidify his close alliance with President Donald Trump.
With the opposition parties now splintered, the only thing that seems to stand in his way is potential criminal charges over his bevy of corruption allegations. Their decision comes as the attorney general is mulling whether to indict Netanyahu on three separate bribery charges. The country has always been eagerly awaiting the attorney general's decision on whether to press charges, as opposition figures have called on Netanyahu to resign because of his legal woes.
Netanyahu has angrily dismissed the accusations against him, characterizing them as part of a media-driven witch-hunt that is obsessed with removing him from office.
The justice ministry announced on Wednesday that deliberations were continuing and were "not dependent on political events".
Netanyahu has been prime minister for a total of more than 12 years, from 1996 to 1999 and again since 2009.
That left Netanyahu with a fragile majority of just 61 seats in the 120-seat parliament.
The last time a government served its full term was in 1988.
Israeli Prime Minister Benjamin Netanyahu on Sunday lambasted Turkish President Recep Tayyip Erdogan for accusing the Israeli army of kicking Palestinian people in the head, including women and children, calling him an "antisemitic dictator" who trolled him, The Jerusalem Post reports.More news: Wall Street rises modestly in early trade