News Link • Government Debt & Financing
Fourth Time the Pentagon Is Faking the Books for Ukraine
• https://www.lewrockwell.com, Moon of AlabamaI had previously noticed three occasions in which the Pentagon, on order of the Biden administration, used some or 'accounting error' gimmicks to 'find' more money for Ukraine.
Pentagon Again Applies Budget Lies To Deliver More Weapons To Ukraine – Jul 26 2024, MoA
The piece referred to three relevant news reports:
Exclusive: Pentagon accounting error overvalued Ukraine weapons aid by $3 billion – May 19 2023, Reuters
Pentagon accounting error provides extra $6.2 billion for Ukraine military aid – June 20 2023, AP
Pentagon finds another $2 billion of accounting errors for Ukraine aid – July 14 2024, Reuters
From the last link:
The Pentagon has found $2 billion worth of additional errors in its calculations for ammunition, missiles and other equipment sent to Ukraine, increasing the improperly valued material to a total of $8.2 billion, a U.S. government report revealed on Thursday.
Here is now another, the fourth, incident of creative budget accounting in favor of money for war in Ukraine:
All reports previously indicated that there was $4.3 billion left in the Presidential Drawdown Authority account, which reimburses the U.S. armed forces for munitions and equipment sent to Ukraine.
Turns out, the number is actually $7.1 billion, thanks to some revised accounting the Pentagon has done, DOD officials tell your anchor. That extra $2.8 billion isn't just found money. The way things work is that the Pentagon calculates how much buying replacement goods for what it sends Ukraine will cost. The number crunchers at the Pentagon ran through the lists and discovered that replacement for some items cost less than anticipated.




