The Department of Defense admitted that it has overestimated the value of the weapons and other military equipment it has sent to Ukraine since the beginning of Russia's special military operation by about $6.2 billion.
Deputy Pentagon Press Secretary Sabrina Singh claims this error that cost American taxpayers billions happened as a result of military officials not counting the actual worth of what was drawn from the Pentagon's weapons stockpile and sent to Ukraine but instead utilized the price of replacing those weapons. Newly produced weapons generally cost more than the excess old weapons stocks they replace.
"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 U.S. stocks and provided to Ukraine," Singh said.
Broken down, the "accounting error" comes in the form of $2.6 billion in overestimated value in the fiscal year of 2022 and $3.6 billion in the current fiscal year, which concludes on Sept. 30. (Related: Pentagon admits to $3B “accounting error” in Ukraine aid, which means more goodies for Zelensky)
This final computation of the accounting error is nearly twice as much as what was calculated in May. The Pentagon at that period stated it might have surpassed the worth of weapons by about $3 billion.
"These valuation errors in no way limit or restricted the size of any of our PDAs [presidential drawdown authority] or impacted the provision of support to Ukraine," Singh added. The PDA is a system employed by the administration of President Joe Biden to expedite the transfer of weapons and other equipment from American stockpiles to Ukraine.
The Pentagon has frequently utilized PDA to pull weapons, ammunition and other equipment off the shelves, so that it can reach Ukraine much faster than going through a purchase procedure.
Money gained from the overvaluation will just go back to "pot money" for Ukraine
According to the Pentagon, the surplus value of the military assets will just be used to keep supporting Ukraine.
"It's just going to go back into the pot of money that we have allocated for the future Pentagon stock drawdowns," said Singh.
Based on previous estimates announced in mid-June, the U.S. has already committed more than $40 billion in taxpayer-funded aid in the form of "security assistance" to Ukraine since the beginning of Russia's special military operation. Using the new calculation, the U.S. has actually provided less than $34 billion in aid. But the money saved will just go right back into providing even more military aid to the country.
This is part of the more than $113 billion aid the U.S. has approved for Ukraine. Some of this money is going toward replenishing American military equipment sent to Ukraine.
Officials have either been unable or outright refused to be transparent about the exact total amount of money that the Pentagon has yet to spend on presidential drawdowns or for the Ukraine Security Assistance Initiative, a Defense Department funding program to give Ukraine even more funding to purchase weapons in the long-term, including some heavier military equipment.
But if Biden and his senior national security team's recent statements are any indication, it is likely that American taxpayers will continue to fund Ukraine's military building for "as long as it takes" to repel Russian forces.
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Watch the video below to know more about the Pentagon's $6 billion "accounting error."
This video is from the channel The Prisoner on Brighteon.com.
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