Audio By Carbonatix
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.
The U.S. Department of Defense has faced challenges in accurately valuing defence articles sent to Ukraine due to unclear accounting definitions, a new Government Accountability Office report showed.
In 2023, the Pentagon said staff used "replacement value" instead of "depreciated value" to tabulate the billions in materials sent to Ukraine. The $6.2 billion error created a path for billions more to be sent to Kyiv.
The Pentagon told the GAO that since then, $2 billion more in overstatements have been found. As a result, an additional $2 billion worth of arms can be sent to Ukraine to cover the amount of aid approved by the Biden administration.

The GAO said a vague definition of value in the Foreign Assistance Act and the absence of specific valuation guidance for Presidential Drawdown Authority have led to inconsistencies in the reported value of military aid.
In one example cited in the GAO report, 10 vehicles were valued at $7,050,000 when the supporting documentation showed they should have been valued at zero, their net book value.
The GAO has recommended that Congress clarify the definition of value in the context of defence articles under the Presidential Drawdown Authority.
Additionally, the GAO has issued seven recommendations to the Defense Department, urging it to update its guidance to include a PDA-specific valuation section and develop component-specific valuation procedures. The department said it has concurred with all recommendations and outlined actions to address these issues.
Latest Stories
-
Galamsey is killing our cocoa, our water, our future – Minority warns of food security meltdown
2 minutes -
Keta is drowning, not fishing – Minority demands urgent fix to premix fuel breakdown
16 minutes -
Rising attacks on journalists demand better coordination with Security agencies — MFWA
25 minutes -
A nation that left its farmers behind – Minority blasts gov’t over GH¢5bn grain disaster
31 minutes -
Move to scrap OSP is premature, Inusah Fuseini tells Majority caucus
32 minutes -
Farmers’ day losing meaning without real reform — GAWU Warns
34 minutes -
GTA boss outlines three priorities to drive Volta Region’s tourism growth
34 minutes -
Cary-Hiroyuki Tagawa, actor who performed in ‘Mortal Kombat,’ dies at 75
36 minutes -
Ghana celebrates 41st Farmers’ Day, spotlighting champions of food security
41 minutes -
Recreation Minister Kofi Adams backs ‘Walk With Lexis’ set for December 6
1 hour -
Milo U13 Championship reaches quarter-final with thrilling match-ups
2 hours -
From glut to growth – John Dumelo says value addition is the way forward
3 hours -
Feed Ghana, feed industry – Deputy Agric Minister Dumelo outlines new direction
3 hours -
Agric glut was political, not strategic – Chamber of Agribusiness Ghana boss warns of lost livelihoods
4 hours -
Food glut situation is no victory – Chamber for Agricbusiness Ghana CEO warns
4 hours
