The Cabinet meeting, to be chaired by Prime Minister Narendra Modi, is expected to discuss the report of Jung on Delhi's political situation.
Jung sent the report after discussions with leaders of BJP, AAP and Congress yesterday.
No party has shown interest in forming a government in the national capital in the present circumstances.
After the meetings, Jung sent a report to the President recommending dissolution of the Assembly.
The Cabinet is likely to recommend to the President dissolution of the Assembly and holding of fresh polls.