Elections were not scheduled for at least a year, but his announcement will set them to happen within the next three months, likely in late January or early February.
Early elections are quite common, in Israel, where the balance of the coalition government can change constantly.
Netanyahu is under no threat to lose his spot, he's at one of his most popular points.
However, holding them earlier, will ensure that he is when they occur, and put off til longer a time when he could be forced with mandatory elections, not at the time of his choosing.
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