{"id":1952404,"date":"2023-06-20T20:29:04","date_gmt":"2023-06-21T00:29:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pentagon-accounting-error-allegedly-overestimated-value-of-weapons-sent-to-ukraine\/"},"modified":"2023-06-20T20:30:57","modified_gmt":"2023-06-21T00:30:57","slug":"pentagon-accounting-error-allegedly-overestimated-value-of-weapons-sent-to-ukraine","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pentagon-accounting-error-allegedly-overestimated-value-of-weapons-sent-to-ukraine\/","title":{"rendered":"Pentagon&#8217;s &#8216;accounting error&#8217; inflated weapons value for Ukraine."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/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-allegedly-overestimated-value-of-weapons-sent-to-ukraine%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=1952404&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--><div class=\"entry-content\">\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Pentagon Deputy Spokesperson Sabrina Singh holds a press briefing at the Pentagon on January 26, 2023 in Arlington, Virginia. (Photo by Kevin Dietsch\/Getty Images) <\/figcaption><\/figure>\n<h2>OAN\u2019s\u00a0<a href=\"https:\/\/www.oann.com\/tag\/noah-herring\">Noah Herring<\/a><br \/>5:21 PM \u2013 Tuesday, June 20, 2023<\/h2>\n<p>The Pentagon announced Tuesday that an accounting error made last month revealed that it overestimated the value of weapons sent to Ukraine by $6.2 billion, more than double the purported true estimate.\u00a0<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Pentagon Spokeswoman Sabrina Singh claimed that military services had counted replacement costs rather than the book value of equipment that was pulled from Pentagon stocks to be sent to Ukraine. According to Singh, there was an error of $3.6 billion in the current fiscal year and $2.6 billion in the 2022 fiscal year.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cIn a significant number of cases, services used replacement costs rather than net book value, thereby overestimating the value of the equipment drawn down from US stocks and provided to Ukraine,\u201d Singh said.<\/p>\n<\/blockquote>\n<p>The department has also now stated that it has additional money to use to further support Ukraine, which is likely to help Congress pass an additional assistance package before the end of the fiscal year in September.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cIt\u2019s just going to go back into the pot of money that we have allocated\u201d for the future Pentagon stock drawdowns,\u201d said Singh.<\/p>\n<\/blockquote>\n<p>Based on previous estimates, the U.S. had given more than $40 billion in security assistance to Ukraine since Russia\u2019s invasion. The new estimate, after knowledge of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pentagon-accounting-error-allegedly-overestimated-value-of-weapons-sent-to-ukraine\/\" title=\"Pentagon's 'accounting error' inflated weapons value for Ukraine.\">alleged accounting mistake<\/a>, shows less than $34 billion given.\u00a0<\/p>\n<p>The U.S. had approved \u201cfour rounds\u201d of aid to Ukraine, which totaled around $113 billion with a portion of that money going towards military equipment. Congress approved the latest round in December, which totaled around $45 billion for Ukraine and NATO allies.\u00a0<\/p>\n<p>This comes as members of Congress have consistently pressed Defense Department officials on how closely the U.S. is tracking its aid to Ukraine, in order to ensure that there has been no fraudulent activity regarding the handling of funds. <\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote data-service=\"twitter\" data-category=\"marketing\" data-placeholder-image=\"https:\/\/c3.oann.com\/wp-content\/plugins\/complianz-gdpr\/assets\/images\/placeholders\/twitter-minimal.jpg\" class=\"cmplz-placeholder-element twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Pentagon announces &#8216;accounting error&#8217; provides extra $6.2 billion for Ukraine?!?! I AM NEVER PAYING TAXES AGAIN!!! <a href=\"https:\/\/t.co\/7T0E47nRUk\">pic.twitter.com\/7T0E47nRUk<\/a><\/p>\n<p>\u2014 Graham Allen (@GrahamAllen_1) <a href=\"https:\/\/twitter.com\/GrahamAllen_1\/status\/1671266224251219969?ref_src=twsrc%5Etfw\">June 20, 2023<\/a><\/p><\/blockquote>\n<p><script type=\"text\/plain\" data-service=\"twitter\" data-category=\"marketing\" async data-cmplz-src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script> <\/div>\n<\/figure>\n<p>The Pentagon has responded to these concerns saying it has a \u201crobust program\u201d to track the aid as it crosses the border into Ukraine.<\/p>\n<p>President Joe Biden has repeatedly stated that the U.S. will help Ukraine \u201cas long as it takes\u201d to repel Russian forces. In a private conversation, those from the Biden administration reportedly warned Ukrainian officials that there is a limit to patience from a divided Congress and the American public, with no clear end to the war.\u00a0<\/p>\n<p>Stay informed! Receive breaking news blasts directly to your inbox for free. Subscribe here. <a href=\"https:\/\/www.oann.com\/alerts\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.oann.com\/alerts<\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>The Biden DOJ goes soft on Hunter Biden for tax evasion, while Ukraine gets an extra $6.2 billion from the Pentagon<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Joe Rogan has invited Dr. Peter Hotez to debate Robert F. Kennedy Jr., offering him $100,000 for charity. Meanwhile, cardiologist, Dr. Peter McCullough who has appeared on Rogan\u2019s podcast said he would debate Hotez, but doubts he will show up.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Most of the GOP presidential candidates will be appearing before a gathering of Conservative and Evangelical voters at The Faith and Freedom Road to Majority Policy Meeting in the nation\u2019s capital later this week.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Arizona Congressman Andy Biggs believes Hunter Biden\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/titanic-sub-update-desperate-search-underway-for-titanic-submersible\/\" title=\"Search underway for Titanic submersible\">reported plea deal<\/a> is a \u2018deflection\u2019 from the story of John Durham reporting to the House Intelligence Committee today and the Judiciary Committee tomorrow.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>By Trevor Hunnicutt and Kanishka Singh SAN FRANCISCO (Reuters) -The risks of artificial intelligence to national security and the economy need to\u2026 <\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>By Jonathan Stempel NEW YORK (Reuters) -Gannett, the largest U.S. newspaper chain and publisher of USA Today, on Tuesday sued Google for\u2026 <\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>By Abhirup Roy SAN FRANCISCO (Reuters) \u2013 BTC Power will add Tesla\u2019s standard to its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-claims-no-new-taxes-as-infrastructure-deal-reached\/\" title=\"Biden claims no new taxes as infrastructure deal reached\">electric vehicle chargers<\/a> next year, its chief\u2026 <\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>By Shivangi Acharya (Reuters) -Tesla chief executive Elon Musk will directly brief Indian Prime Minister Narendra Modi on plans to set up\u2026 <\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Pentagon Deputy Spokesperson Sabrina Singh briefed the press at the Pentagon in Arlington, Virginia on January 26, 2023. The Pentagon disclosed an accounting error on Tuesday, June 20, 2023, stating that it had overestimated the value of weapons sent to Ukraine.<\/p>\n","protected":false},"author":2055,"featured_media":1952405,"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":[],"tags":[9514,15063,6088,7586,6991,7788],"class_list":["post-1952404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-accounting","tag-error","tag-inflated","tag-pentagons","tag-ukraine","tag-weapons"],"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\/1952404","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\/2055"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1952404"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1952404\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1952405"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1952404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1952404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1952404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}