Foreign Minister Avigdor Liberman said on Friday that if the government cannot pass a "responsible budget", then elections are preferable.

"We are faced with three options: a responsible budget, a populist budget (also known as 'elections economy') or going to elections," Liberman wrote in a Facebook post.

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"Elections will not improve the state of the economy and will not add money to the state, but unfortunately the current dynamics leave us no choice but to go to elections," the foreign minister added.