Formula 1 to raise cap on team budgets in line with global inflation – FIA

The International Automobile Federation (FIA) and the management of Formula 1 at a meeting on Friday took a number of decisions regarding budgetary restrictions and the adoption of a technical directive to eliminate the effect of ” dolphinization”. This was reported on the official FIA website.

The team budget cap will be increased by 3.1% due to unforeseen inflation in 2022. Team budgets this season are capped at $140 million, excluding rider earnings and a few other items.

The discussion of vertical accumulation of high velocity fireballs and its elimination will continue. The implementation of the dolphin technical directive adopted before the British Grand Prix will take effect from the Belgian round in August.

The Commission has also approved 2023 Formula 1 pre-season testing outside Europe by majority vote.

Source : MatchTV

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