FIA Releases F1 Budget Cap Report for 2022 Season

f1 grand prix of italy
FIA Releases F1 Budget Cap Report for 2022 SeasonATPImages - Getty Images

All 10 Formula 1 teams played by the rules when it came to money in the 2022 championship, governing body the FIA confirmed on Tuesday.

Formula 1 introduced financial regulations in 2021 in a bid to level the playing field while curbing spiraling spending costs.

The results of 2021’s auditing revealed that Williams, Aston Martin and Red Bull had committed a procedural breach, while Red Bull was found to have undertaken a minor financial overspend. The outcome caused controversy—owing to the close nature of Formula 1’s 2021 title fight – and Red Bull was fined $7 million and docked 10% of its wind tunnel development time.


The 2022 cost cap sat at a base figure of $142.4 million though there are several exemptions and clauses listed within the regulations.

On Tuesday, it was revealed that every team had met the threshold for the full year reporting period between January 1 and December 31 2022, and that certificates of compliances have been issued.

"The review has been an intensive and thorough process, beginning with a detailed analysis of the documentation submitted by the competitors," read a statement from the FIA. "Additionally, there has been an extensive check of any non-F1 activities undertaken by the teams, which comprised multiple on-site visits to team facilities and careful auditing procedures to assess compliance with the Financial Regulations.

"The FIA Cost Cap Administration notes that all Competitors acted at all times in a spirit of good faith and cooperation throughout the process.

‘The FIA also notes that the Financial Regulations are essential to the long-term financial stability of the sport, and that they will continue to be developed and refined based on the findings of each review process both in terms of the regulations themselves, and the way in which they are enforced and policed."

The cost cap for 2023 sits at a base figure of $138.6 before extras are taken into consideration. Several expenses are not considered part of the budget cap, including driver salaries, wages of the three highest-paid staff members, travel costs, marketing, property and legal costs, entry and license fees, non-F1 or road-car activities, parental and sick leave payments. employee bonuses and staff medical benefits.

Engines are covered by a separate regulations package.