![Hungary's Prime Minister Viktor Orban.](https://assets.kyivindependent.com/content/images/2023/12/GettyImages-1789863498.jpg)
Hungary quietly takes record $1 billion loan from Chinese banks
Hungary's record loan came amid a record increase in its public debt to 140 billion euros ($152 billion), 73.5% of GDP, and a budget deficit of 6.7% of GDP, while the country has no access to European Union funds due to the conflict with Brussels.