Pentagon accounting error overvalued Ukraine military aid

World 18:56 19.05.2023
The Pentagon revealed Thursday that it has overcounted the value of the military aid the United States has sent Ukraine by at least $3 billion.
 
EDnews reports the Wall Street Journal first reported on the mistake that the Defense Department overestimated the value of the missiles, vehicles, ammunition and other equipment it sent from U.S. stocks to Ukraine due to an accounting error.
 
Deputy Defense press secretary Sabrina Singh confirmed the overestimation to The Hill.
 
“During our regular oversight process of presidential drawdown packages, the Department discovered inconsistencies in equipment valuation for Ukraine,” Singh said in a statement, referring to the authority that allows the administration to pull directly from its military inventory.
 
In some cases, the Pentagon used replacement costs to calculate the aid, rather than the weapons’ value when it was purchased, thereby overestimating the value of what was shipped to Kyiv, she said.
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