The second Lubbers cabinet (1986-1989) was a continuation of the coalition of the right-wing political parties CDA and VVD. Its main aim was the continuation of the policy of cutting government spending. There was a large-scale revision of the welfare state and the public postal service was privatised. The cabinet fell due to a vote of the VVD faction in the parliament against the cut of travel costs.
| Prime Minister General Affairs |
Ruud Lubbers | CDA | |
| Vice Prime Minister Economy |
Rudolf de Korte | VVD | |
| Foreign Affairs | Hans van den Broek | CDA | |
| Justice | Frits Korthals Altes | VVD | |
| Interior Affairs | Kees van Dijk | CDA | |
| Jan de Koning | CDA | from February 3, 1987 until May 6, 1987 because of sick leave Kees van Dijk | |
| Education and Sciences | Wim Deetman | CDA | resigned September 15, 1989 |
| Gerrit Braks | CDA | From September 15, 1989 | |
| Finance | Onno Ruding | CDA | |
| Defense | Wim van Eekelen | VVD | Resigned September 6, 1988 |
| Piet Bukman | CDA | 6 - 23 September 1988 | |
| Frits Bolkestein | VVD | from September 24, 1988 | |
| Housing, Spatial Planning and Environment | Ed Nijpels | VVD | |
| Transport and Water | Neelie Smit-Kroes | VVD | |
| Agriculture and Fishery | Gerrit Braks | CDA | |
| Social Affairs, Employment and Dutch Caribbean and Aruban Affairs | Jan de Koning | CDA | |
| Louw de Graaf | CDA | from February 3, 1987 until May 6, 1987 because of sick leave Kees van Dijk - only the portfolio of Social Affairs | |
| Welfare, Health and Culture | Elco Brinkman | CDA | |
| Development Cooperation | Piet Bukman | CDA |
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