1. A maximum amount of money that can be spent on a particular item, project, or activity within a specified period
The government imposed a budget cap on healthcare spending.
O governo impôs um limite orçamentário aos gastos com saúde.
2. In sports (especially Formula 1), a financial restriction limiting the total amount teams can spend during a season
The new budget cap in Formula 1 aims to level the playing field among teams.
O novo limite orçamentário na Fórmula 1 visa equilibrar a competição entre os times.