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Ep 12: What the budget means for you

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Explained: words in today's news

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AI

Artificial intelligence

Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.

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World

Summit

A meeting of heads of state or government to discuss major issues and reach agreements.

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World

Ceasefire

An agreement between warring sides to stop fighting, temporarily or as a step toward a lasting peace deal.

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Energy

OPEC

The Organization of the Petroleum Exporting Countries, a group of oil-producing nations that coordinates output; OPEC+ also includes allies such as Russia.

Economy

National debt

The total amount a government owes to lenders, built up from past budget deficits.

Economy

Inflation

The rate at which the general level of prices for goods and services rises over time, usually measured over twelve months.

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