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Motorsport
Motorsport
Sport
Luke Smith

F1 agrees to budget cap increase for 2022 amid inflation pressure

F1 Inflation Commission FIA Christian Horner F1 Commission

F1 introduced its first set of financial regulations for the 2021 season, setting an initial budget cap for the year of $145 million per team that was adjusted depending on the number of races.

This dropped to $140m for 2022, and was set to fall by a further $5m next year, albeit with a 3% indexation to account for inflation.

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