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 Dept. to send more weapons now without asking Congress.
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. Ukrainian President Volodymyr Zelenskyy 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.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pentagon Accounting Error Miscalculates Ukraine Aid by $3 BillionA Pentagon accounting error led the U.S. to overvalue the amount of aid it sent to Ukraine by a whopping $3 billion.
Read more »
Pentagon Says Accounting Mistake Leaves U.S. With $3 Billion More in Arms for UkraineThe Pentagon has overcounted the value of the weaponry it has sent to Ukraine by at least $3 billion, an error that could eliminate the need to ask Congress for more money to keep Kyiv in the fight this spring
Read more »
$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.
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.
Read more »
$3-billion accounting error means the Pentagon can send more weapons to UkraineThe Pentagon overestimated the value of the weapons it has sent to Ukraine by at least $3 billion, freeing up more funds for additional aid to Kyiv.
Read more »
$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 — 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 Thursday comes at a time when 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. 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.
Read more »