At least 30 states are considering tax hikes or widespread cuts in services - at the worst possible time - to meet their budget obligations.
But G.M.'s chief financial officer, Frederick A. Henderson, said no widespread cuts were anticipated.
This most recent penny saving measure comes amid widespread cuts to education budgets across Spain that has led to regular protests in the streets by teachers.
At the same time, he sought reduced funding in road maintenance and widespread cuts in basics such as police and library services.
"That could prompt more widespread cuts in rates around the world."
The move is the latest change in the Royal Navy since the defence review made widespread cuts.
Importantly, the 2011 Index pre-dates widespread cuts in arts funding made during 2010/11.
It is my understanding that a significant amount went into developing the public sector, though undermined by widespread domestic cuts across the UK.
To that end, he believed in making widespread cuts, including massive layoffs, in order to streamline operations.
Libraries are facing widespread cuts and closures as councils try to save money following the government's funding cuts.