NEW REPORT: Pentagon’s Ukraine Aid Accounting Errors Reach $8.2 Billion
Guest Post by: Miriam Judith
On July 25, the U.S. Government Accountability Office (GAO) released a damning report revealing an additional $2 billion in accounting errors related to the Pentagon’s aid to Ukraine.
This discovery compounds the $6.2 billion overestimation previously disclosed, bringing the total to an alarming $8.2 billion in misallocated funds.
The discrepancies arose from the Pentagon’s use of “replacement value” instead of “depreciated value” in calculating the aid provided under the Presidential Drawdown Authority (PDA). The PDA, authorized by the Foreign Assistance Act of 1961, allows the President to direct the transfer of defense articles and services from U.S. stocks to address foreign crises. Since August 2021,
