Pentagon Says Accounting Error Frees Up Another $3B for Ukraine
Summary from the AllSides News Team
On Thursday, the Pentagon said an accounting error freed up another $3 billion for Ukraine, and that the Defense Department had overestimated the value of the missiles, ammunition, and other equipment it sent to Ukraine.
Key Details: The Department is still trying to determine the amount of the overvaluation, and it's unclear which weapons were overestimated. Whatever the amount, the error could be a boon for the Ukrainian war effort, because it allows the Pentagon to send more weapons to Ukraine without asking Congress for more funds.
Key Quote: "During our regular oversight process of presidential drawdown packages, the Department discovered inconsistencies in equipment valuation for Ukraine," Pentagon spokesperson Sabrina Singh said in a statement, according to the outlet. "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."
For Context: The news comes as Ukrainian troops mount a counteroffensive in the east. Since the beginning of the Biden Administration, the U.S. has committed more than $30.4 billion in aid to Ukraine, and the Defense Department is under increased pressure by Congress to show accountability for the money it has sent.
How the Media Covered it: Sources across the political spectrum covered the error, with sources on the right noting that the mistake was only recently reported to Congress despite being discovered in March.
Featured Coverage of this Story
From the Right
Whoops! Pentagon has another $3 billion available to support Ukraine after accounting mistake discoveredThe Defense Department says it inaccurately accounted for the value of equipment the U.S. has been providing to Ukraine.
The mistake means there is $3 billion more available to assist Ukraine.
Not including the accounting mistakes, the Pentagon has about $2.7 billion left to support Ukraine, but that amount essentially doubles due to the error, officials noted, according to the Wall Street Journal. The value related to the error could increase, officials said, according to the outlet.
"During our regular oversight process of presidential drawdown packages, the Department discovered inconsistencies in...
From the Center
Exclusive: Pentagon accounting error overvalued Ukraine weapons aid by $3 billionThe Pentagon overestimated the value of the ammunition, missiles and other equipment it sent to Ukraine by around $3 billion, a Senate aide and a defense official said on Thursday, an error that may lead the way for more weapons being sent to Kyiv for its defense against Russian forces.
The error was the result of assigning a higher than warranted value on weaponry that was taken from U.S. stocks and then shipped to Ukraine, two senior defense officials said on Thursday.
"We've discovered inconsistencies in how we value the...
From the Left
$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...
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