The 1992 elections were the last time an Israeli party crossed the threshold of 40 Knesset seats. It was the Labor Party, led by the late Prime Minister Yitzhak Rabin, which won 44 Knesset seats. The Likud Party, headed by the late Prime Minister Yitzhak Shamir, received 32 seats, while Meretz, the third-largest party at the time, emerged from the elections with 12 seats.
The second Rabin government, made up of Labor, Meretz and Shas, which garnered 62 Knesset seats, was a small government. Yet, it was a homogeneous and active government with regard to Israel's diplomatic approach and socioeconomic agenda. The Oslo Accord, the massive government investment in education and transportation, as well as the advanced civil legislation — as reflected in the Basic Law, Freedom of Occupation — were all the result of the clear-cut agenda of that left-wing government.
