In many republics, celebrating national events namely New Year and religious festivals and government and citizens spend lots of money for that with to restore the ancient culture, spend time with families and also attract tourist from other neighbour nations. However, spending high finance in a single period of time to broke people and government.
Firstly, most of the citizens and government believe that to conduct rich events in new year and religious festivals is necessary because of remembering the ancient culture and also reunion with immigrated family or friends with spend time with them and make memories. For example, some citizens graduate with neighbour republics as well as work with them and they will meet parents during festival times. Further example, most of the culture has disappeared only read and study in story or school books. In that case, few of the religious or cultural events celebrated every year and passes to the next generation. Finally, the most richest besides cultural countries like USA, japan and some few more nations are conducting festivals not only bigger but also richer since attracting tourist to increase economy growth.
Richest events or festivals have a more benefits. However, it contains some problem that is more effective for middle and lower class people likewise smaller nations. In general, people and government to become broke because of people borrow money from neighbour or some other source. In that case, they work more time to compensate for that and also to sold some items or properties. Moreover, many lack to save to use for emergency situations. For instance, one of the small nation, borrow money from other country, instead of repayment rent their properties or give a resources.
In conclusion, spending too much money even high class can leads to broken. I totally disagree with that statement. Moreover, spend minimum amount of money in such national events namely new year and religious festivals. In this case, we have money in our saving and requires less need to borrow money with neighbors.
