The FIA has announced that all 10 Formula 1 teams stayed within the spending limits for the 2023 season, but Alpine and Honda broke some procedural rules related to the power unit.

Under the current financial rules, all teams are required to submit their financial records to the FIA for review, ensuring they don't exceed the spending cap.

For 2023, the basic limit was set at $135 million, based on 21 races. Since there were 23 races, teams were allowed to spend an extra $1.8 million for each additional race, bringing the total spending limit to $138.6 million for the season.

This marks the second consecutive year that all teams have complied with the spending limits. In 2021 Red Bull's overspending led to a fine and reduced development time.

For the first time, however, power unit manufacturers were also subject to spending caps. The FIA identified procedural breaches by Alpine Racing SAS and Honda Racing Corporation. The FIA did not specify the exact nature of the breach, but such violations could include issues like late submission of documents, submitting paperwork that is considered inaccurate, incomplete, or misleading, or failing to comply with requests from the Cost Cap Administration (CCA).

Penalties for procedural breaches are usually financial, unless the FIA finds mitigating circumstances that warrant no action or determines there are enough aggravating factors to justify imposing a sporting penalty instead.

The official statement from the FIA says the following:

“Both Alpine Racing SAS and HRC have acted at all times in good faith and are currently cooperating with the CCA to finalise the matter.

“Considering the nature of the breach, the complexities of the new Financial Regulations for PU Manufacturers and the challenges associated with their first year of implementation it is the CCA’s intention to propose to these two PU Manufacturers to settle their respective breaches by means of an Accepted Breach Agreement (ABA).”