Pentagon financial reporting officer Mike McCord said that the US Department of Defense has $5 billion worth of weapons for the Ukrainian Armed Forces until the end of 2023, but only $1.6 billion to replace it.
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McCord said this in an interview with Bloomberg.
The weapons that the Pentagon transfers to Ukraine are usually taken from stockpiles, and the department’s funds are used to enter into contracts with defense companies to replace them. According to a Pentagon representative, without approval of additional funding in the US Congress, the US Department of Defense can only manage $1.6 billion. for concluding replacement contracts
You want to constantly replenish inventory and send a signal to industry that there is continued demand for funding and contracts to maintain momentum. And we’ve already had to slow it down because we see a real prospect of a shutdown, McCord told Bloomberg.
If by the end of Saturday Congress does not approve, and the US President does not sign, bills on funding the federal government – long-term or temporary, the country will enter a shutdown. In August, the White House proposed that Congress approve $40 billion. additional financing until the end of the year, of which $24 billion. had to go to help and related needs. The US Senate has agreed on an alternative draft short-term budget resolution, which, among other things, provides for more than $6.1 billion. for additional assistance to Ukraine, including $4.5 billion for defense spending and over $1.6 billion. – for economic support.
Source: Racurs
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