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Buddhist spendings on religious products and necessary goods offered to monks and religious related activities this year will exceed 10 billion baht in total in three important religious days.
The three significant Buddhism days are Makha Bucha, Visakha Bucha and Asalha Bucha (or Sangha day).
According to the survey of Buddhist spendings conducted by the research centre of the University of Thai Chamber of Commerce, it revealed that during important religious holidays, Thai people tend to spend more than usual.
For this year, the highest spendings by Buddhist people was on Asalha Bucha day, with the total spending amounting to 5.3 billion baht.
It said Visakha Bucha day ranked second for the highest spending on religious holidays at 5 billion baht, while spending on Makha Bucha Day only reached 2 billion baht this year.
However, UTCC’s research centre stressed that with the current sluggish domestic economy, spending on religious holidays will remain stable, with a slight decline, as shown by the figure of spending on Makha Bucha day.
The research centre stated that Thai Buddhists have spent most money on giving alms and making merits on religious holidays, followed by spending on purchasing necessities to give to monks or to participate in the lighting candle activity.
It also reported that some have also spent their money on domestic traveling, while others would opt to travel abroad during long holidays.