Summary Definition. Define Balanced Budget: Balanced budget means a financial planâs cash inflows and outlays are equal and will not cause the entity to go into debt.
Portsmouth, Virginia. Portsmouth is an independent city in the Commonwealth of Virginia. As of the 2010 census, the population was 95,535.[3] It is part of the Hampton Roads metropolitan area.
People in group quarters in Portsmouth city, Virginia in 2010: 1  1,739 people in local jails and other municipal confinement facilities. 2  454 people in nursing facilities/skilled-nursing facilities. 3  338 people in military barracks and dormitories (nondisciplinary) 4  249 people in military ships.