$3 billion accounting error means Pentagon can send more weapons to Ukraine
1 year, 7 months ago

$3 billion accounting error means Pentagon can send more weapons to Ukraine

Associated Press  

WASHINGTON — The Pentagon has overestimated the value of the weapons it has sent to Ukraine by at least $3 billion — an accounting error that could be a boon for the war effort because it will allow the Defense Department to send more weapons now without asking Congress for more money. It also could free up more money for critical weapons as Ukraine is on the verge of a much anticipated counteroffensive — which will require as much military aid as they can get. In some cases, ‘replacement cost’ rather than ‘net book value’ was used, therefore overestimating the value of the equipment drawn down from U.S. stocks,” said Pentagon spokeswoman Sabrina Singh. The official, who spoke on condition of anonymity to discuss internal deliberations, said the comptroller has asked the military services to review all previous Ukraine aid packages using the proper cost figures.

History of this topic

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