No. If you simply raise everyone’s monthly assessments by a percentage of the budget, arithmetic rounding errors will accumulate over the years. The errors may be only a few cents each year, but in a few years some owners will be paying several dollars more or less than their correct amount based on unit entitlement.
Fees should be recalculated after each AGM on the basis of unit entitlement and the new budget in accordance with the Strata Property Act.