"Pentagon's $3 Billion Accounting Error Boosts US Arms Aid to Ukraine"

1 min read
Source: Business Insider
"Pentagon's $3 Billion Accounting Error Boosts US Arms Aid to Ukraine"
Photo: Business Insider
TL;DR Summary

The Pentagon overvalued the cost of weapons sent to Ukraine by $3 billion due to an accounting error, which could allow the Biden administration to send more weapons without needing budget approval from Congress. The error was caused by the Pentagon using replacement costs to value the arms. The mistake was discovered during an investigation, and Congress was informed of the issue on Thursday. The accounting error could have a significant impact on the US's military aid to Ukraine, which includes just over $46.5 billion for military support.

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