The United States has overestimated the value of the weapons it has sent to Ukraine by $6.2bn over the past two years – about double early estimates – resulting in a surplus that will be used for future security packages.
alJazeera
How can they be that bad at estimating?
During an audit, “inconsistencies” were found in valuations of equipment sent from the US since the Kremlin’s full-scale invasion of Ukraine in 2022.
[...]
“In a significant number of cases, services used replacement costs rather than net book value, thereby overestimating the value of the equipment."
Okay. But that is a legitimate way to determine value for some purposes.
As a result, the department now has additional money in its coffers to use to support Ukraine as it pursues its counteroffensive against Russia.
No. No, it doesn't. It has the same amount.
Based on previous estimates announced on June 13, the US had committed more than $40bn in security assistance to Ukraine since Russia invaded. Using the new calculation, the US has actually provided less than $34bn in aid.
Not the same thing as the amount "in the coffers." But I take your point. They adjusted their accounting method, giving them the ability to spend $6+ billion more. Isn't accounting wonderful? Works for me.
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