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Item Execução orçamentária em Minas Gerais, ciclos eleitorais e contexto institucional: uma análise do período de 1986 e 2015(Fundação João Pinheiro, 2017-03-27) Gomes, Karen Christine Dias; Costa, Bruno Lazzaroti Diniz; http://lattes.cnpq.br/2084604177044476; Ferreira Júnior, Sílvio; Wanderley, Cláudio Burian; Nogueira Junior, Reginaldo PintoThe existence of free elections, with universal suffrage, periodic and at known dates can influence the budget execution of public incomes and expenditures, generating political cycles related to electoral cycles. In addition, it is assumed that changes in the institutional context environment influence these cycles and may intensify or minimize them. Analyzing the state of Minas Gerais, from 1986 to 2015, the most significant institutional changes were the approval of the Reelection Amendment and the identification of two distinctive phases, that is, from 1995 to 2002, with the stabilization of the economy in the face of the Real Plan and movements to control personnel expenses, renegotiation of the debts of the states with the Federal Government, limits to public indebtedness and greater fiscal austerity, culminating in the approval of the Fiscal Responsibility Law (LRF) in 2000; and from 2003 to 2015, with a longer effective term of the LRF, and specifically in Minas Gerais, with the experience of three consecutive terms of governors affiliated with the same legend, the Brazilian Social Democracy Party (PSDB) and with the implementation of administrative and state reform options known as Choque de Gestão. From the analyzes carried out, we can affirm the existence of political-budget cycles related to the electoral cycles, mostly intensified by the Reelection Amendment and minimized by institutional changes geared towards greater fiscal responsibility and modernization of the public machine.