Federal Treasurer Wayne Swan denied on Monday that free bottled waters and fruits will be withheld soon from school children visiting the Parliament as part of his office's cost-cutting measures in running the federal institution.

In a statement issued today, Mr Swan called the story, which was equally picked by his opposition counterpart, Joe Hockey, as 'completely wrong' while stressing that "Parliamentary departments have confirmed the (schools hospitality) program has not been cut."

Earlier reports by News Ltd publications said that Mr Swan's office has outlined soon-to-be axed Parliament programs and features, in line with federal authorities' aim to deliver surplus of up to $1.5 billion in the 2013 national budget.

According to News Ltd, among the casualties to realise Parliamentary savings of up to $235,000 each year were travel junkets, gym operations, staff and transportation expenses for MPs and the freebies being offered to school teachers and children that regularly visit the Parliament.

Mr Hockey quickly criticised Mr Swan's planned budget cuts and called the measures 'pathetic'.

Instead of doing away with unnecessary spending, the Liberal frontbencher criticised the government for keeping its expensive tax programs' advertising expenditures and sacrifice the small treats normally enjoy by school personnel stopping by at the Parliament.

But the Treasurer retorted today that Mr Hockey was too quick to jump the gun on him, advising the shadow treasurer that he should have his facts straightened out prior to issuing comments that were "grossly irresponsible and sloppy."

"Bottled water and fruit snacks will continue to be provided to students who visit parliament house to learn about our political system," Mr Swan was quoted by the Australian Associated Press (AAP) as saying in his statement.

However, AAP also reported that the House of Representative administration has confirmed that "the provision of hospitality for visiting school groups was listed as a savings proposal."

The proposal appeared to have been brushed aside by Friday as the news agency added on its report that coffee and tea for teachers and bottled water and fruits for children will be served on school-sponsored tours throughout the 2012-2013 operation of the Parliament.

"The department decided on Friday it would not proceed with that proposal and the (hospitality) service will continue," AAP quoted an official of the lower house as saying in a statement.

In an interview with Macquarie Radio today, Mr Hockey said what was reported in the first place was the truth as shown by the confirmation of the House of Representative office and Mr Swan's earlier decision was only reversed Friday last when negative feedbacks against the plan started circulating.

"Getting over the fact it was a stupid proposal to begin with, the treasurer compounds it by alleging that we've told the lies, when in fact he has himself and he's caught, it's in black and white," Mr Hockey told the radio network.

But Parliamentary secretary Mark Dreyfus told reporters in Canberra that "Joe Hockey should be ashamed of himself for commenting on such a false story without checking."

Mr Dreyfus insisted that Mr Hockey should admit the reality that he commented prematurely on what turned out as "completely totally false story."