November 23, 2024
Pentagon officials said an accounting error caused by pricing weapons going to Ukraine incorrectly, resulted in a $6.2 billion surplus in funds for future security packages.

The Pentagon said an accounting error resulted in an overestimation of the value of weapons being sent to Ukraine by $6.2 billion over the last two years, and as a result, there is a surplus of money available for future security packages.

Pentagon spokesperson Sabrina Singh told reporters on Tuesday the accounting error was the result of military services using replacement costs instead of the book value of equipment sent to Ukraine.

Final calculations, she added, showed that in the current fiscal year there was an error of $3.6 billion, and in 2022 there was an error of $2.6 billion.

The discovery comes as fiscal year 2023 nears an end, and it allows the Pentagon to have an extra stash of money to support Ukraine’s counteroffensive against Russia.

UKRAINE COUNTEROFFENSIVE MAKES HEADWAY IN SOUTH, SITUATION ‘COMPLICATED’ ON EASTERN FRONT

A man in military gear unloads a plane

Military aid, delivered as part of the United States security assistance to Ukraine, is unloaded from a plane at the Boryspil International Airport outside Kyiv, Ukraine February 13, 2022. (REUTERS/Serhiy Takhmazov)

To get weapons and ammunition to Ukraine quicker than going through the purchase process, the Department of Defense uses what is called presidential drawdown authority, allowing them to pull supplies off the shelves, or in stock.

The Associated Press reported that previous estimates from June 13 showed the U.S. committed over $40 billion in security assistance to Ukraine since Russia’s invasion, but using the new calculation, the U.S. provided less than $34 billion in aid.

UKRAINE CLAIMS TO HAVE CAPTURED ANOTHER VILLAGE AS HIGHLY ANTICIPATED COUNTEROFFENSIVE UNDERWAY

View of the Pentagon for the sky

The Pentagon in Washington, DC, on May 10, 2023, in an aerial view.  (DANIEL SLIM/AFP via Getty Images)

As for the exact amount of money available for drawdowns and the Ukraine Security Assistance Initiative, officials have not been able to provide a firm number.

The Ukraine Security Assistance Initiative provides long-term funding for purchases like larger air defense systems.

U.S. officials have approved about $113 billion, divided into four rounds of funding, to aid Ukraine with fending off Russia’s invasion, and some of that money is for restocking equipment sent to the frontlines.

PRESIDENT ZELENSKYY CONFIRMS COUNTER-OFFENSIVE AGAINST RUSSIA HAS BEGUN

Congressional members continue to pressure the Defense Department about tracking aid to Ukraine and ensuring it does not land in the wrong hands.

In defense, Pentagon officials say a “robust program” is in place to track all aid as it enters Ukraine, keeping track of it while there.

CLICK HERE TO GET THE FOX NEWS APP

The accounting error, though, according to Singh, will not affect the U.S. delivery of aid to Ukraine.

The Associated Press contributed to this report.