{"id":1952229,"date":"2023-06-20T17:54:07","date_gmt":"2023-06-20T21:54:07","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pentagon-accounting-error-overvalued-military-aid-to-ukraine-by-over-6-billion\/"},"modified":"2023-06-20T17:55:59","modified_gmt":"2023-06-20T21:55:59","slug":"pentagon-accounting-error-overvalued-military-aid-to-ukraine-by-over-6-billion","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pentagon-accounting-error-overvalued-military-aid-to-ukraine-by-over-6-billion\/","title":{"rendered":"Pentagon&#8217;s mistake: Military aid to Ukraine overestimated by $6 billion."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fpentagon-accounting-error-overvalued-military-aid-to-ukraine-by-over-6-billion%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1952229&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>The Department of Defense Overestimated Military Aid to Ukraine by $6 Billion<\/h2>\n<p>The Department of Defense recently revealed that it had overestimated the value of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-announces-aid-package-to-ukraine-as-xi-and-putin-meet-in-moscow\/\" title=\"US announces aid package to Ukraine as Xi and Putin meet in Moscow\">military aid provided<\/a> to Ukraine during the war by approximately $6 billion. This miscalculation has <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/world-economic-wants-a-global-framework-to-regulate-online-harm-following-u-s-capitol-terrorism\/\" title=\"World Economic Wants A \u2018Global Framework\u2019 To \u2018Regulate\u2019 Online Harm Following U.S. Capitol \u2018Terrorism\u2019\">significant implications<\/a> for the allocation of funds and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/here-are-some-of-the-craziest-spending-items-in-the-coronavirus-stimulus-bill\/\" title=\"Here Are Some Of The Craziest Spending Items In The Coronavirus Stimulus Bill\">additional aid<\/a> to Ukraine.<\/p>\n<p>According to deputy Pentagon spokeswoman Sabrina Singh, the overvaluation occurred in fiscal 2023, with an overestimation of $3.6 billion, and in the previous year, with an overestimation of $2.6 billion. These newly discovered funds can now be utilized by the administration for further assistance to Ukraine.<\/p>\n<h3>Uncovering the Mistake<\/h3>\n<p>The Department of Defense identified this error in March but only disclosed it in mid-May. It was revealed that the department had unintentionally been tallying the equipment provided to Ukraine as significantly more expensive than it should have been. This miscalculation arose from using the cost of the sophisticated weapons that officials were replacing, rather than the actual value of the weapons being sent to Ukraine.<\/p>\n<p>A <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pentagon-accounting-error-overvalued-military-aid-to-ukraine-by-over-6-billion\/\" title=\"Pentagon's mistake: Military aid to Ukraine overestimated by  billion.\">senior defense official explained<\/a> that the department had been using the cost of the High Mobility Artillery Rocket System (HIMARS) to calculate aid to Ukraine, instead of the less expensive M777s that were actually provided. This example highlights the discrepancy between the cost of the weapons being replaced and the cost of the weapons being sent to Ukraine.<\/p>\n<h3>No Impact on Support to Ukraine<\/h3>\n<p>Despite these valuation errors, the Department of Defense assures that they did not limit or restrict the size of any <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-admin-admits-3-billion-accounting-error-on-ukraine-aid\/\" title=\"Biden administration acknowledges B mistake in Ukraine aid.\">presidential drawdown authority packages<\/a> or impact the provision of support to Ukraine. Additionally, the recaptured funds can be utilized without affecting the appropriated USA AI or Ukraine PDA replenishment funding approved by Congress.<\/p>\n<p>It is crucial to rectify these miscalculations to ensure accurate allocation of resources and support to Ukraine. The Department of Defense is committed to addressing this issue and ensuring transparency in future aid calculations.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\">Click here<\/a> to read more from The Washington Examiner.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The military aid given to Ukraine by the Department of Defense during the war was overestimated by approximately $6 billion. In fiscal 2023, the aid was overvalued by $3.6 billion, and in the previous year, it was overestimated by $2.6 billion. This totals to $6.2 billion, according to deputy Pentagon spokeswoman Sabrina Singh.<\/p>\n","protected":false},"author":1,"featured_media":1952230,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[7629,4484,4505,4953,27157,7586,6991],"class_list":["post-1952229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-aid","tag-billion","tag-military","tag-mistake","tag-overestimated","tag-pentagons","tag-ukraine"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1952229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1952229"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1952229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1952230"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1952229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1952229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1952229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}