This is the 190th most frequent Dutch word.
huidige
"Current" or "present."
Here, "huidige" is used as an adjective to describe "situatie" (situation), conveying that it's the situation at the present time.
De huidige situatie is uitdagend.
The current situation is challenging.
In this sentence, "huidige" modifies "middelen" (resources), indicating they are the resources currently available.
We moeten met de huidige middelen werken.
We need to work with the current resources.
In this example, "huidige" qualifies "stand van zaken" (state of affairs) to specify that it's the status as it is now.