President Hifikepunye Pohamba signed the Appropriation Bill into law this week, signalling the start of the spending of the money allocated in the National budget.
While thanking MPs for passing the bill, he wants the budget to be passed early during the next financial year so that resources can be made available for national projects on time.
Government's financial year ends on the 31st of March each year.
Finance Minister, Saara Kuugongelwa Amadhila tabled the National budget amounting to 41 billion dollars in the National Assembly in February this year.
Discussions started at the beggining of March and the National Assembly passed the bill and referred it to the National Council for further scrutuny.
The Council, in turn passed it and was thus given to President Pohamba for signature this week, completing the law making process of any given bill in the country.
The President, however, wants the process to be hastened next time.
At 22, the Namibian leader feels that the country's democracy is still young thus dedication and commitment is required in building a strong foundation for the future generation.
In addition, President Pohamba wants Namibia to build a better society where all can enjoy a higher quality of life.
He enoucraged the combined 104 members from both houses of parliament to continue serving the people of Namibia with energy and dedication to enable the country's democratic institution to grow stronger.