Israeli Prime Minister-designate Benjamin Netanyahu will present the Knesset (parliament) with the 32nd government on Tuesday afternoon, Xinhua learnt on Monday.

A spokesperson of Knesset told Xinhua that a swear-in ceremony for the Netanyahu government would be held at 5:00 PM on (1500 GMT) Tuesday.

Meanwhile, local daily Ha'aretz online reported that Netanyahu officially informed acting Knesset speaker Michael Eitan on Monday that he has succeeded in forming the cabinet, which would comprise 29 ministers.

On Monday afternoon, Netanyahu will summon senior members of his Likud to the new Knesset chambers and inform each of them which office they have been assigned.

Sources close to the incoming prime minister estimated that the Likud would head 12 government bureaus, and along with other members of the coalition - the far right Yisrael Beiteinu, the center-left Labor, the ultra-Orthodox Jewish party Shas and the national religious party Habayit Hayehudi.

It is believed that Netanyahu prefer taking the finance portfolio for himself.