Mofaz will become a minister sans portfolio as part of the coalition agreement signed between the Likud and Kadima on Monday night, in a controversial move meant to avoid general elections in September.
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The move – kept secret until after the agreement was signed – created an unprecedented coalition numbering 92 Knesset members.
It also left the Opposition virtually powerless, as it now lacks the ability to raise the necessary 40 MK signatures for a nonconfidence vote.
Labor Chairwoman Shelly Yachimovich will head the Opposition for the duration of the Knesset's term.
Ministers taking to the podium Wednesday leveled harsh criticism at Netanyahu and Mofaz for keeping the move secret.
"You've sold your soul to the devil," MK Binyamin Ben-Eliezer (Labor) blasted Mofaz. "The devil is the only one that profits from the deal," he said.
Meretz Chairwoman Zahava Gal-On blamed both for "devising a deal so dirty the public has lost faith in all of us. One rotten apple – the Kadima Party – has spoiled us all."
The vote is meant to ratify a section of the new coalition agreement that names Mofaz deputy prime minister and cabinet.
Mofaz was also promised a seat in the cabinet and on Netanyahu's special security forum.
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