Pentagon Admits $3 Billion Accounting Error In Military Aid To Ukraine. Means The Pentagon Can Send More Weapons To Ukraine

The amount of overvalued weaponry could grow beyond US$3 billion as the Pentagon examines the situation more thoroughly. PHOTO: REUTERS  

Wall Street Journal: Accounting Error Leaves Pentagon With $3 Billion More in Arms for Ukraine, U.S. Says 

WASHINGTON—The 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, people familiar with the situation said. 

The military services inadvertently used a higher value for at least some of the weaponry the Pentagon sent to Ukraine, using valuations for new equipment instead of the older gear pulled out of U.S. stockpiles, the people said. 

An internal audit identified the difference in March, and now the Biden administration may not need to seek additional funding from Congress for next year, the people said. The Pentagon has sent nearly $40 billion to help Ukraine defend itself since Russia invaded in February 2022.  

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WNU Editor: Talk about a neat accounting trick. 

Say this weapon system is not worth $1 million. Instead it is now worth $800,000 thereby freeing $200,000 to spend on something else. 

And here is an easy prediction. 

When the US comes around to replace that $1 million weapon system that they now say is worth $800,000, I am willing to bet that the replacement cost will be $1.5 million (or more). 

Pentagon Admits $3 Billion Accounting Error In Military Aid To Ukraine 

 $3 Billion Accounting Error Means the Pentagon Can Send More Weapons to Ukraine -- AP  

Exclusive: Pentagon accounting error overvalued Ukraine weapons aid by $3 billion -- Reuters  

Pentagon acknowledges $3 billion accounting error in Ukraine aid -- The Hill  

Pentagon over-estimated cost of Ukraine aid by $3B: officials -- NYPost  

Accounting error frees $3 billion for Ukraine weapons assistance -- CNN 

US Defence Dept error said to overvalue Ukraine arms aid by $3bn -- Al Jazeera

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