Iceland’s prime minister, Bjarni Benediktsson, has announced the end of the country’s governing coalition and called for elections to be held on 30 November, Icelandic public broadcaster RUV reported.

In a press conference, Benediktsson blamed growing disagreements between the three governing parties “on issues ranging from foreign policy to asylum seekers issues”.

He said he would hold a meeting with Icelandic president Halla Tómasdóttir on Monday regarding the decision to dissolve parliament.

Elections must take place at the latest 45 days after the dissolution of parliament is announced, according to the broadcaster.

Benediktsson, head of the rightwing, pro-business Independence party, was elected in April as prime minister, replacing Katrín Jakobsdóttir after she announced she would resign and run for president.

The coalition government, consisting of the Independence party, the centre-right Progressive party and the Left Greens, has faced uncertainty after recent volcanic eruptions forced thousands to leave their homes, putting pressure on an economy already facing high inflation and soaring interest rates.