The government is projecting that it will spend $803.2 billion to finance the affairs of the country for the new fiscal year.

This includes $731.12 billion for recurrent or house-keeping expenses and $72.11 billion for capital expenses.

Capital expenses are for new projects like the construction of roads, schools and bridges.

Meanwhile, approximately 34 per cent of the recurrent budget will go to debt-servicing.

The figures are contained in the 2019-2020 Estimates of Expenditure, which was tabled in the House of Representatives by Finance Minister Dr Nigel Clarke this afternoon.

The 2019-2020 Budget is slightly more than the $802.5 billion that was expended in the current fiscal year, which ends on March 31.

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