Twenty-fifth government of Israel
1992–95 government led by Yitzhak Rabin
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The twenty-fifth government of Israel was formed by Yitzhak Rabin of the Labor Party on 13 July 1992,[1] 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.
Ezer Weizman (after 13 May 1993)
Shimon Peres (interim after 4 November 1995)
Second Rabin Cabinet | |
|---|---|
25th Cabinet of Israel | |
.jpg) | |
| Date formed | 13 July 1992 |
| Date dissolved | 22 November 1995 |
| People and organisations | |
Head of state | Chaim Herzog (until 13 May 1993) Ezer Weizman (after 13 May 1993) |
Head of government | Yitzhak Rabin (until 4 November 1995) Shimon Peres (interim after 4 November 1995) |
Member parties | Labor Meretz Yiud (since 1995) Shas (until 1993) |
Status in legislature | Centre-left coalition |
Opposition party | Likud |
Opposition leader | Yitzhak Shamir (until 1993) Benjamin Netanyahu (since 1993) |
| History | |
| Election | 1992 Israeli legislative election |
| Legislature term | 13th Knesset |
| Predecessor | 24th cabinet of Israel |
| Successor | 26th cabinet of Israel |
Shas left the government on 14 September 1993,[2] 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 tax incentives were offered to foreign venture capital funds that invested in Israel and promised to double any investment with government funding. As a result, foreign venture capital funds invested heavily in the growing Israeli high-tech industry, contributing to Israel's economic growth and status as a world leader in high-tech. In 1995, the National Health Insurance Law was passed. The law created Israel's universal health care system, moving away from the traditionally Histadrut-dominated health insurance system. Doctors' wages were also raised by 50%. Education spending was raised by 70%, with new colleges being built in Israel's peripheral areas, and teachers' wages rising by one-fifth. The government also launched new public works projects such as the Cross-Israel Highway and an expansion of Ben Gurion Airport.[3][4][5][6]
Rabin was assassinated on 4 November 1995, with Shimon Peres taking over as Interim Prime Minister until forming the twenty-sixth government on 22 November.
Cabinet members
1 When Rubinstein was appointed to the post in 1994, it was renamed the Minister of Education, Culture and Sport.
2 Died in office.