Replying to members in the Legislative Council, Telangana Chief Minister K Chandrashekar Rao said that borrowing is not wrong for taking up developmental works. The Chief Minister said that the US, the richest country in the world, borrows from external sources equivalent to its GDP. He asked MLCs whether intellectuals in US government are fools to borrow money. He stated that the Telangana government will repay Rs 20,000 crore loan in this financial year. KCR further said that the state governments will follow the footsteps of the Centre in borrowing.