The Clinton administration’s current budget proposal includes $224.8 billion in tax cuts through the year 2007, the Treasury Department said Wednesday.

Previously, Treasury estimated the cost of Clinton’s new tax proposals at $98.4 billion, but that was only through the year 2002.

The bulk of the $224.8 billion in tax relief is the tax credits for dependent children - $97.3 billion through 2007 - and deductions for college tuition and job training, $87.7 billion.

A Treasury statement didn’t provide the size of the corresponding revenue increases through 2007, so it couldn’t be immediately determined the size of a net tax cut through that time.

For the next five years, the Clinton plan proposes to raise $76 billion through closing various tax loopholes and renewing expired taxes, making it a net tax cut of $22 billion through 2002.