The Young Liberals have called on the Turnbull government to cut more public service jobs and continue efforts to limit welfare payments, including through a new Tony Abbott-style commission of audit.

In a submission ahead of the May federal budget, Young Liberal leaders Aiden Depiazzi and Josh Manuatu call for action to drastically bring the budget back to balance and for renewed efforts to control government debt.

Along with a plan to abolish the compulsory fee paid by university students for campus services and amenities, the submission calls for a new audit commission to examine expenditure across government.

Former prime minister Tony Abbott tasked businessman Tony Shepherd with examining all government expenditure in 2014. His commission report recommended axing 15,000 public service jobs, increasing the pension age to 70, including the family home in means testing, privatisation of government agencies and the dumped GP co-payment proposal.