The Pentagon claims it overestimated the value of weapons it sent to Ukraine.
by Dave DeCamp, Antiwar.com
The Pentagon on Tuesday claimed that an “accounting error” has freed up an additional $6.2 billion to spend on military aid for Ukraine.
Pentagon Deputy Press Secretary Sabrina Singh told reporters that weapons sent to Ukraine from US military stockpiles using the Presidential Drawdown Authority (PDA) were overvalued by using the cost to replace the arms rather than the depreciated value.
“In a significant number of cases, services used replacement costs rather than net book value, thereby overestimating the value of the equipment drawn down from US stocks and provided to Ukraine,” Singh said.
Reports first surfaced in May that said the Pentagon may have overvalued weapons it was sending to Ukraine. At the time, the estimate was that the error would account for at least $3 billion in new funds for Ukraine, which has more than doubled.
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