SAWT BEIRUT INTERNATIONAL

| 14 April 2024, Sunday |

Pentagon’s Ukraine accounting error revised up to $6.2 billion

The Pentagon discovered that it had exaggerated the amount of financing for ammunition, missiles, and other equipment transferred to Ukraine by $6.2 billion owing to an accounting error, which was more than double the amount previously disclosed, according to a Pentagon official.

The accounting error’s worth was increased from the $3 billion first reported by Reuters in May, as a result of allocating a higher-than-warranted value to US equipment sold to Ukraine.

Additional funding was uncovered as Pentagon officials researched the situation more thoroughly and clarified protocols for valuing equipment based on Financial Management Regulation and Department of Defense policy, Pentagon deputy press secretary Sabrina Singh said.

The $6.2 billion breaks down to $3.6 billion for fiscal year 2023 and $2.6 billion for fiscal year 2022, she said, adding that the errors did not impact the size of presidential drawdown authority or support for Ukraine.

    Source:
  • Reuters