After six weeks of intensive post-election negotiations, Netanyahu yesterday signed a deal with the far-right Jewish Home party, completing his new coalition government.
Media said he had hoped to submit it to parliament for a vote of confidence on Monday, although legally he has until Wednesday to do so.
His slim majority of 61 of the 120 seats in parliament, called the Knesset, was built at the cost of major concessions to his coalition partners, sparking frustration within his own party.
"Following the vote Prime Minister Benjamin Netanyahu will begin the process of allocating responsibilities for government ministries and other duties in the government and parliament to members of Likud," it said.
Netanyahu informed Israel's president and the Knesset speaker on Wednesday night that he had hammered together a coalition between Likud and four other parties.
By law he must have his ministers sworn in within seven days of that declaration.
Newspapers said Netanyahu was concerned that Likud MPs upset at not securing a portfolio in the new government could gang up and vote against the cabinet at the Knesset.
It was "inconceivable" for there to be no Druze in the cabinet lineup, he was quoted as saying in several newspapers.
The law limiting to 18 the number of ministers in government was approved in 2014 in a bid to reduce public spending.
In 2009-2013, Netanyahu led a 30-member government, the largest in the history of Israel.
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