Cuts now or more pain later: audit head

Shepherd warns more savings necessary if govt does not adopt $70bn in cuts.

The head of the National Commission of Audit has warned that more savings will need to be found if the federal government does not adopt all of the $70 billion in spending cuts identified in the controversial report.

As the government considers the incendiary findings, commission chairman Tony Shepherd said there was no alternative to cutting outlays as soon as possible to avoid more drastic reform later.

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