Budget cap, second year. After the introduction in 2021 of the regulation that imposes a spending limit on Formula 1 teams, the teams are also gaining important experience with regard to this particular financial problem.
Last year, the limit set by the FIA financial regulations imposed a maximum expenditure of 145 million dollars, a margin that has dropped to 140 million by 2022. However, navigating the 49 pages of the ‘financial regulations’ approved by the International Federation is a very difficult exercise, even for specialists.
The first thing that emerges is that the budget available to the teams for the 2022 championship is not that far from last season.
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The 140 million dollars are the maximum expenditure value referring to a calendar consisting of 21 Grands Prix, and for each additional race weekend an extra 1.2 million is foreseen.
Considering the 2022 calendar, 2.4 million are added, plus another 1.8 million expected as extras for the six sprint qualifying races. The 2022 regulation provides for an additional budget of $ 300,000 (per car) for each weekend with the sprint qualifying format, hence the total of $ 1.8 million.
On weekends when Saturday’s sprint qualifying sessions are scheduled, teams will be able to deduct $ 100,000 if one of their cars is damaged due to accidents during the sprint qualifying. A small insurance, but still a recognition for the risks that a team runs during an event that was not foreseen when the regulations were drawn up.
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