Pentagon’s Ukraine accounting error revised up to US$6.2bil FMTNews FMTWorld
The accounting error was the result of assigning a higher-than-warranted value on US weaponry shipped to Ukraine.
WASHINGTON: The Pentagon found it had overestimated the amount of funding for ammunition, missiles and other equipment it sent to Ukraine by US$6.2 billion due to an accounting error, a spokesman said on Tuesday, more than double the amount previously disclosed. The value of the accounting error was revised up from the US$3 billion that was first reported by Reuters in May, the result of assigning a higher-than-warranted value on US weaponry shipped 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 defence department, Pentagon deputy press secretary Sabrina Singh said. The US$6.2 billion breaks down to US$3.6 billion for fiscal year 2023 and US$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.
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