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Pentagon Says It Made $6 Billion

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"Accounting Error", Clearing More Aid
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For Ukraine

BY TYLER DURDEN WEDNESDAY, JUN 21, 2023 - 12:30 AM

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Due to a massive accounting error, which happened just four
MISH TALK ← →
NEWSQUAWK weeks after a $3 billion accounting error, the value of weapons
OF T W O MINDS supplied to Ukraine by the United States was overstated by
$6.2 billion over the past two years, according to AP.
OIL PRICE
OPEN THE BOOKS Pentagon spokeswoman Sabrina Singh said that a detailed BlackRock Recruiter Claims Senators Can Be 'Bought'
PETER SCHIFF review of the accounting error found that replacement costs For $10k, War 'Good For Business': O'Keefe
EXPAND
QTR’S FRINGE FINANCE were recorded for the equipment, not the actual book value
SAFEHAVEN of items pulled from Pentagon stocks and sent to Ukraine,
SLOPE OF HOPE adding that final calculations reveal a $3.6 billion error in the
SPOTGAMMA current fiscal year, and $2.6 billion in the 2022 FY, which ended CONTACT INFORMATION +
TF METALS REPORT last Sept. 30.
THE AUTOMATIC EARTH SUGGESTED READING +
THE BURNING PL ATFORM
 Breaking911
@Breaking911 · Follow

BREAKING: 'Accounting error' provides extra

$6.2 BILLION for Ukraine, Pentagon says

Watch on Twitter

11:12 PM · Jun 20, 2023

5.6K Reply Share

Read 2.1K replies

And of course, AP provides the 'silver lining';

As a result, the department now has additional

money in its coffers to use to support Ukraine as
it pursues its counteroffensive against Russia. And it
come as the fiscal year is wrapping up and
 congressional funding was beginning to dwindle.

"It’s just going to go back into the pot of money that we have
allocated" for the future Pentagon stock drawdowns, according
to Sigh.

zerohedge · Jun 20, 2023

@zerohedge · Follow
*PENTAGON ACCOUNTING ERROR PROVIDES
EXTRA $6.2B FOR UKRAINE: AP

what

greg
@greg16676935420 · Follow
 10:48 PM · Jun 20, 2023

170 Reply Share

Read 6 replies

The United States has approved four rounds of aid to Ukraine

totaling around $113 billion - some of which went towards
replenishing US military equipment used on the front lines. In
December, Congress approved the latest round of funding,
totaling around $45 billion for Ukraine and NATO allies.

The 'extra' $6.2 billion 'found' for Ukraine comes as the country
begins its counteroffensive against Russia in an attempt to
reclaim territory held by the Kremlin's forces since February
2022. Thus far, 'the counteroffensive has come up against
heavily mined terrain and reinforced defensive fortifications,'
according to Ukraine's commander of the armed forces, Valerii
Zaluzhnyi.

US officials still haven't provided exact totals for the amount of

money that remains for Ukraine Security Assistance Initiative
drawdowns, which provides longer-term funding for the
purchase of weapons, including large air defense systems.

Not Jerome Powell

@alifarhat79 · Follow

Zelensky after learning there’s another $6.2

billion coming his way after a Pentagon