Cabinet Meeting Minutes
The Economic Stabilization Program
These are the minutes from the governmental cabinet meeting held on June 30, 1985. They detail the discussion over approval of the economic stabilization program that Peres put forward to solve the inflation crisis, which had risen to 400% in 1984. In his role as Prime Minister, Peres led this dramatic meeting which lasted nearly 24 hours. In the end, the decision was made to cut the budgets of various government ministries by 20%.