Finance Minister Moshe Kahlon says he is ready to retire from politics. The minister is expected to announce his formal resignation sometime on Monday.
The head of the Kulanu party has already announced that he is not going to run in the March 2nd elections, and he has told the Likud Central Committee not to put him on the list of candidates for the national ballot.
He has also discussed the matter with Prime Minister Benjamin Netanyahu, who reportedly tried very hard to talk him out of it, but failed.
Kahlon, who is 59 years old, says he is fatigued after heading the Finance Ministry for the past five years and that he wants to spend more time with his family, according to a report published by Ynet.
He plans to make the formal announcement sometime on Monday.