On Friday morning in Austria, the FIA and Formula One teams met to discuss issues such as the budget ceiling. The meeting led to a number of agreements, including a small increase in the budget ceiling.
On Friday morning in Austria, the FIA and Formula One teams met to discuss issues such as the budget ceiling. The meeting led to a number of agreements, including a small increase in the budget ceiling.
Rising inflation rates have affected Formula One teams, which, according to the FIA, creates a risk of non-compliance with financial regulations if no action is taken.
Recognizing the unexpected rise in costs, the FIA will allow a 3.1% increase in the budget ceiling. Nine out of ten teams have agreed to this.
The so-called technical guidelines due to the quiques and flexible wings will not come into effect until the Belgian GP at the end of August. According to the FIA, the race in France in two weeks is too early, and during the August vacations, factories are closed.
Therefore, the FIA wants to give the teams more time to prepare. The stricter controls introduced from the Canadian GP will be continued by the FIA.
In addition, in 2023 there will also be four days of testing outside Europe in the pre-season. So it looks good for the circuit in Bahrain.