Not always. Increasing your LSA budget can help if your campaign is already performing well but your budget is limiting how often your ads show. However, a higher budget will not fix poor lead quality, weak targeting, low demand, or a drop in conversion rates.
Before increasing your budget, check whether your leads are actually declining because of limited budget. Also review your service areas, job types, competition, reviews, and recent account changes.
If the campaign is generating good leads but simply needs more volume, increasing the budget may make sense. If the underlying issue is lead quality or conversion, fix that first.
The goal is to increase qualified leads and profitable jobs, not just increase LSA spending.