The phrase "projected deficit" refers to an estimation or prediction of the amount of money by which expenses will exceed income or revenue in the future. Full definition
It increases city budget reserves to $ 750 million a year and reduces projected deficits in the out years, he said. (observer.com)
Three years later, despite strong economic growth, the government is projecting deficits through 2022 - 23, with no end in sight to the deficit spending. (boardoftrade.com)