Putin is promising Russians billions of dollars in lifestyle improvements—but it's unclear where all that money will come from.  

Putin promised to raise Russia's living standards at his state-of-the-nation address on Thursday.  

This includes money for initiatives to enhance birth rates, infrastructure, and hospitals.  

However, there is at least one major issue: the money is not in the budget.  

Russian President Vladimir Putin has vowed to raise his countrymen's living standards with major new initiatives during the next six years.  

There's only one significant issue: his pledges aren't in the budget.  

Putin made the remarks in his annual state-of-the-nation speech on Thursday.  

He was addressing two weeks before Russia's presidential election, which he is anticipated to win against three other candidates.  

A presidential term in Russia lasts six years.  

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