U.S. CBO forecasts 2039 public debt at 106 pct of GDP

WASHINGTON, July 15 Tue Jul 15, 2014 10:00am EDT

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WASHINGTON, July 15 (Reuters) - U.S. public debt will grow to 106 percent of economic output in 25 years from about 74 percent currently, the Congressional Budget Office said on Tuesday, marking a slight increase from projections made last September.

The non-partisan budget referee agency attributed the changes in its long-term budget outlook based on current tax and spending laws to a slight downward revision in its economic growth projections, partly offset by assumptions of reduced interest rates and health care costs. (Reporting by David Lawder; Editing by Susan Heavey)

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