Twenty-fifth government of Israel

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The twenty-fifth government of Israel was formed by Yitzhak Rabin of the Labor Party on 13 July 1992, after the party's victory in the June elections. The coalition also contained the new Meretz party (an alliance of Ratz, Mapam, and Shinui) and Shas, and held 62 of the 120 seats in the Knesset. The government was also supported, but not joined, by Hadash and the Arab Democratic Party, which held an additional five seats between them. Shas left the government on 14 September 1993, but the coalition was joined by the new Yiud faction (a three-member breakaway from Tzomet) on 9 January 1995. This government significantly reformed Israel's economy, as well as its education and healthcare systems. Privatization of business increased, moving away from the country's traditionally socialized economy, which had been largely set up by the forerunners to the Labour Party. The scheme was described by Moshe Arens as a "privatization frenzy". In 1993, it set up the "Yozma" program, under which attractive...

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