A leaked post-budget advertisement script has revealed that the Malcolm Turnbull government is planning to make $16 billion in savings. The savings figure, according to the script, would be achieved by introducing changes to the superannuation concessions and cracking down on tax avoidance by multi-nationals.

Skynews reported on Monday that it has seen the script of the taxpayer-funded government advertisement to be aired on the television and radio after the federal budget on May 3. The ad claims has already been filmed.

Labor has seized the advertisement, saying that it is an attempt to destabilise the Malcolm Turnbull government by factions within the government. According to Presenter Paul Murray, the advertisement will have families and workers representing the voters reacting to newsreader announcements. But, the senior government ministers have not yet confirmed the report.

“The figures being thrown around in that story last night are not ones that I have heard at any time,” Skynews quoted Foreign Minister Julie Bishop as saying. “I have not seen any of this and I cannot confirm it,” said Employment Minister Michaelia Cash.

Treasurer Scott Morrison’s spokesperson told the Fairfax Media that the government will hand down the budget directly on May 3 and will not respond to speculations.

Turnbull previously opposed Labor’s proposals to thin capitalisation, saying that according to the Treasury such changes would “hurt the economy, crimp investment and cost jobs.”

According to Shadow Finance Minister Tony Burke, the post-budget advertisements are one of the re-election strategies of the coalition. “None of what they’re talking about in those ads is information for the public that is going to happen,” he told ABC radio on Tuesday. He said he thinks that the Liberal Party and not the taxpayers should pay for the ads.

“If it is (a genuine leak) it shows the serious dysfunction and chaos at the heart of the Turnbull government,” the Mail Online quoted frontbencher Jim Chalmers.