Definition of basically adverb from the Oxford Advanced American Dictionary

      

    basically

     adverb
    adverb
    NAmE//ˈbeɪsɪkli//
     
     
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  1. 1in the most important ways, without considering things that are less important synonym essentially Yes, that's basically correct. The two approaches are basically very similar. There have been some problems but basically it's a good system.
  2. 2used when you are giving your opinion or stating what is important about a situation Basically, there's not a lot we can do about it. He basically just sits there and does nothing all day. And that's it, basically.
See the Oxford Advanced Learner's Dictionary entry: basically