I many countries, government and individuals spend large amount of money on national holidays such as New Year and religious festivals. While these celebrations play an important cultural and social role, I largely agree that the level of spending is often excessive and could be better controlled.
On the one hand, national and religious festivals are deeply connected to a country’s traditions and identity. Spending money on decorations, public events, and family gatherings helps strengthen social bonds and preserves cultural heritage. Moreover, festivals can boost the economy by increasing tourism, creating temporary jobs, and supporting local businesses such as hotels, shops, and restaurants. For individuals, celebrating special occasions can bring happiness, reduce stress, and create memorable experiences with family and friends.
However, excessive spending during these holidays has several negative consequences. Governments sometimes allocate huge budgets for fireworks, concerts, and ceremonies, even when essential sectors like healthcare, education, or infrastructure need more funding. Similarly, individuals often feel social pressure to spend beyond their means on gifts, travel, and luxury food, which can lead to debt and financial stress. In addition, commercialisation has turned many festivals into profit-driven events, weakening their original spiritual or cultural meaning.
In my opinion, while celebrating national and religious holidays is important, spending should be reasonable and well-planned. Governments should focus on cost-effective celebrations and invest public money in long-term development. Likewise, individuals should prioritise the true purpose of festivals rather than unnecessary luxury.
In conclusion, although festivals bring joy and economic benefits, I agree that too much money is often spent on them, and a more balanced approach is needed.