Dutch Prime Minister Mark Rutte resigned Monday after a far-right party withdrew its support for his government, a government spokesman said.

The move may clear the way for early elections in the Netherlands, possibly as soon as this summer, the government said.

The resignation came after the far-right party withdrew from talks about an austerity package worth €14.2 billion, the equivalent of $18.6 billion, according to a news report reprinted on a parliamentary website.