[an error occurred while processing this directive] BBC World Service | Learning English | News English - Words in the News
This page has been archived and is no longer updated. Find out more about page archiving.
Skip to main contentAccess keys helpA-Z index

 
You are in: Home > General & Business English
Words in the News
 
Friday 13 June 2003
 
Bangladeshi budget
 
Bangladesh currency The Bangladeshi finance minister Saifur Rahman has presented his budget before parliament. The emphasis was on poverty reduction with big increases in education, information technology and defence spending. The budget was presented as the opposition called a one day country-wide general strike in which at least two people were injured in clashes with police. This report from Alastair Lawson.
 
Listen Listen to the story
 
The Bangladeshi finance minister said that he wanted to halve poverty in his country by 2015. It's a tough task because it is estimated that half the population of a hundred and thirty-five million live below the poverty line. Armed with two large loans each of five hundred million dollars from the World Bank and International Monetary Fund, he was able to announce big increases in spending in nearly all main areas of government, but despite the generosity of international donors, Mr Rahman said that he wanted to rely less on foreign aid.

The minister said the country remained economically stable with a reduced budget deficit, low inflation and a high level of foreign exchange reserves. While the budget itself has not been explicitly criticised by the opposition, other areas of government policy have. An eight hour general strike was held on Thursday in protest over what they say is the deteriorating law and order situation across the country.

Alastair Lawson, BBC
 
 
Listen Listen to the words
 
halve
 
reduce by fifty per cent
 
tough
 
extremely difficult
 
armed with
 
in possession of
 
loans
 
borrowed money
 
despite
 
in spite of
 
stable
 
not likely to change suddenly
 
inflation
 
a general increase in the prices of goods and services in a country
 
explicitly
 
openly
 
deteriorating
 
getting worse
 
 
blue arrow Read more about this story
 
SEARCH IN LEARNING ENGLISH
   
 
 
 
 
LEARN IN YOUR LANGUAGE
 
 
 
 
Link to Chinese English language teaching pagesLink to Arabic English language teaching pagesLink to Russian English language teaching pagesLink to Spanish English language teaching pages
A space gif
A grey bar A grey bar A grey bar