SYDNEY, April 11 (Xinhua) -- Australian Prime Minister Anthony Albanese on Thursday signaled a more proactive role that the Australian government would play in shaping a "stronger, fairer and more prosperous future" for the country's economy.

Prior to the release of the federal budget in May, Albanese made an appearance at the Queensland Media Club, saying that the Australian government will serve as "a participant, a partner, an investor, and enabler," rather than "an observer or a spectator" of the country's economy.

"We have to think differently about what the government can - and must - do to work alongside the private sector to grow the economy to boost productivity, improve competition, and secure our future prosperity," he noted.

According to the prime minister, the global economic circumstances are changing far more profoundly, with nations "drawing an explicit link between economic security and national security."

"There is a new and widespread willingness to make economic interventions on the basis of national interest and national sovereignty. And, critically, none of this is being left solely to market forces or trusted to the invisible hand," said Albanese.

"The heavy lifting of economic transition and industrial transformation is not being done by individuals, companies, or communities on their own. It is being facilitated, enabled, and empowered by national governments from every point on the political spectrum," he said.

"We will bring together in a comprehensive and coordinated way a whole package of new and existing initiatives to boost investment, create jobs, and seize the opportunities of a future made in Australia," said Albanese.

The prime minister, however, didn't disclose further details of the new comprehensive framework. Enditem

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