Pentagon Says ‘Accounting’ Error Provides Extra $6.2 Billion for Ukraine

EXCERPT:

SINGH: “Once we discovered this misvaluation, the Comptroller reissued guidance on March 31st clarifying how to value equipment in line with the financial management regulation and DOD policy to ensure we use the most accurate of accounting methods. We have confirmed that for F.Y. '23 the final calculation is $3.6 billion and for F.Y. '22 it is $2.6 billion, for a combined total of $6.2 billion. These valuation errors in no way limit or restricted the size of any of our PDAs or impacted the provision of support to Ukraine, and while the DOD -- while the DOD retains the authority to utilize the recaptured PDA, this has no bearing on appropriated USAI or Ukraine PDA replenishment funding approved by Congress.”