Mr Smith said that giving the Welsh government the ability to decide on levels of income tax would put Wales in a worse position.
Fin Reg grants the government the ability to modify and even rescind financial, employment and other business contracts executed by an institution during the wind-down procedure.
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Meanwhile, the government's ability to fund itself (the "continuing resolution") runs out on March 27.
Former WDA chief economist Brian Morgan questioned the assembly government's ability to deal with the bodies.
Should the economy collapse, the Afghan government's ability to deal with security issues would be substantially eroded.
In practice, the government's ability to do so would turn much more on politics than on law.
Another is giving a central government authority the ability to decide what gets paid for and what doesn't.
Opposition parties have previously cast doubt on the government's ability to deliver an additional 1, 000 officers by March 2011.
The Kelo decision gives any government entity the ability to take a person's property and give it to a developer.
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The body also expressed concern that job cuts at the Ministry of Defence risked damaging the government's ability to analyse threats.
The existence of large trust fund balances, therefore, does not, by itself, have any impact on the government's ability to pay benefits.
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The ballot measure would limit the government's ability to condemn private property.
Responding to the announcement, shadow defence secretary Liam Fox said it showed "renewed confidence" in the Iraqi government's ability to maintain security.
Iran is scheduled to hold presidential elections in June, potentially limiting the government's ability to make any concessions on the nuclear front.
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And, they say, Americans are justifiably concerned about the government's ability to protect the nation four years after the Sept. 11 attacks.
The dollar peg limits the government's ability to intervene in money markets.
And yet, the federal government's ability to investigate and prosecute these frauds is severely hindered by outdated laws and a lack of resources.
Meanwhile the government's ability to borrow money was dealt a blow last week when Moody's, a ratings agency, cut Slovenia's bonds to "junk" status.
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Many states and municipalities are up against hard budget constraints, but the US government has the ability to create US currency in unlimited quantities.
That unique authority expires May 18, but the government retains the ability to juggle its books to buy several more months' worth of time before facing default.
Add in the underlying concerns about the Italian economy's feeble growth rate, and investors are understandably worried about the Italian government's ability to shoulder its huge debt.
If the councils borrowed the money to pay these bills, the consequent rise in public-sector borrowing would limit the government's ability to borrow money for other public services.
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As top European Union officials admit, decisive action in response to the euro-zone crisis has come about only when a government's ability to borrow has come under threat.
And, with a relatively low level of borrowings, the Chinese government has the ability to use fiscal stimulus as well if consumer spending does not develop as expected.
Rating company Standard and Poor's raised the country's long-term sovereign credit rating from "stable" to "positive" last week, citing optimism about the government's ability to carry out structural changes.
The 10-year rate had risen by a quarter percentage point on Wednesday, as lenders' fears over the government's ability to repay its debts, or stay within the euro, resurfaced.
"Even under pressure, Italian political institutions, incumbent monopolies, public sector workers, and... unions impede the government's ability to respond decisively to challenging economic conditions, " the agency said in its report.
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The value of a currency may loosely reflect a country's economic fundamentals, but ultimately its value reflects the majority consensus about the government's ability to manage the economy and the nation.
Private-payments companies threaten to take away the government's ability to control the money supply and benefit from seigniorage, the difference between the cost to produce the money and its face value.
The government's ability to sustain the exchange-rate peg depends entirely on its ability to withstand the pain as a shrinking money supply forces interest rates higher and squeezes the local economy.
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