$3 billion accounting error means the Pentagon can send more weapons 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.has previously said the offensive was delayed because they did not yet have everything they needed. “During our regular oversight process of presidential drawdown packages, the Department discovered inconsistencies in equipment valuation for Ukraine. 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.

A defense official said the Pentagon is still trying to determine exactly how much the total surplus will be. 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. The result, said the official, will be that the department will have more available funding authority to use as the Ukraine offensive nears.To date the U.S.

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$3 billion accounting error means the Pentagon can send more weapons to UkraineThe Pentagon has overestimated the value of the weapons it has sent to Ukraine by at least $3 billion. It's 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. The acknowledgment comes at a time when the Pentagon is under increased pressure by Congress to show accountability for the billions of dollars it has sent in weapons, ammunition and equipment to Ukraine and as some lawmakers question whether that level of support should continue.
Source: AP - 🏆 728. / 51 Read more »

Accounting error means Pentagon can send an additional $3 billion in weapons to UkraineThe Pentagon has overestimated the value of the weapons it has sent to Ukraine by at least $3 billion — an accounting error that could allow the Defense Department to send more weapons now without asking Congress for more money.
Source: adndotcom - 🏆 293. / 63 Read more »