"Pentagon's $6.2B Accounting Error Boosts Ukraine's Military Aid"

1 min read
Source: Military Times
"Pentagon's $6.2B Accounting Error Boosts Ukraine's Military Aid"
Photo: Military Times
TL;DR Summary

The Pentagon has revealed that it overestimated the value of weapons sent to Ukraine by $6.2 billion over the past two years, resulting in a surplus that will be used for future security packages. The accounting error was due to the military services using replacement costs instead of the book value of equipment. The revelation comes as Ukraine moves ahead with the early stages of its counteroffensive against Russia, which has been bombarding the Kyiv region with exploding drones. The Pentagon has repeatedly used presidential drawdown authority to pull weapons, ammunition, and other equipment off the shelves to get to Ukraine more quickly. The accounting mistake won't affect the ongoing delivery of aid to Ukraine.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

3 min

vs 4 min read

Condensed

82%

631115 words

Want the full story? Read the original article

Read on Military Times