BUDAPEST (Reuters) -Hungary could choose from four or five facilities to shore up its finances under an agreement with Washington, Prime Minister Viktor Orban said on Tuesday, with funding worth up to $20 billion available if needed.

Right-wing Orban, who faces an election next year, met his longtime ally U.S. President Donald Trump at the White House on Friday, securing a waiver from U.S. sanctions for using Russian energy, a deal that has bolstered the forint.

The currency eased on Tuesday after Hungary raised its budget deficit targets to 5% for this year and next, with higher spending ahead of the tightly contested ballot upending deficit reduction plans.

Even so, the forint still leads gains among central European currencies this year, bolstered by the European Union’s highest benc

See Full Page