Changing course on the economy would plunge the UK "back into the abyss", David Cameron is expected to warn.
It follows remarks from Business Secretary Vince Cable suggesting the government could consider borrowing more to kick-start economic growth.
But, in a speech on Thursday, Mr Cameron will insist he is "sticking to the plan" on the economy.
And he will reject Mr Cable's approach, saying more borrowing would burden future generations with debt.
Speaking in West Yorkshire, Mr Cameron is expected to say: "I know some people think it is being stubborn to stick to a plan.
'Turning the economy round'"That somehow this is just about making the numbers add up with no care whatsoever for what it means for people affected by the changes we make.
End Quote David CameronThese signs of progress are just the beginning of a long hard road to a better Britain."
"But nothing could be further from the truth. My motives for sticking to the plan are exactly about doing the right thing to help families and business up and down the country.
"The very moment when we're just getting some signs that we can turn our economy round and make our country a success is the very moment to hold firm to the path we have set.
"And yes, the path ahead is tough - but be in no doubt, the decisions we make now will set the course of our economic future for years to come.
"And while some would falter and plunge us back into the abyss we will stick to the course."
The prime minister will say Britain is reaping the rewards of the tough economic course set by the coalition in 2010, pointing to the creation of one million extra private sector jobs and higher employment rates.
'Long hard road'"Of course the challenges are huge and there is a long way to go way to go but already there are signs that our plan is beginning to work," Mr Cameron will say.
"The biggest deficit in peacetime history is already down by a quarter, interest rates are at a record low. Exports are starting to turn around too."
"Of course, these signs of progress are just the beginning of a long hard road to a better Britain," he will add.
He will highlight an increase in exports over the last three years to emerging economies like Brazil, India and China, as well as a 133% hike in exports to Russia.
Writing in the New Statesman, Lib Dem Business Secretary Vince Cable suggested the government might need to change course on the economy and consider borrowing more.
He said the danger of slow growth may now be greater than the loss of market confidence through increased borrowing and that the "balance of risk" had changed since 2010, when the coalition made deficit reduction central.
Mr Cameron will reject this approach, arguing more borrowing more would burden future generations with debt and leave Britain unable to afford good public services.
Lord Oakeshott, a former Liberal Democrat Treasury spokesman in the House of Lords, told BBC Radio 4's Today programme that the Coalition had made a good start getting the deficit down and the economy to grow, "but in the last six or nine months it's got stuck again".
"That is why we have all got to look very hard at being much tougher," he said.
It was particularly, he said, about getting the banks "sorted out" and about housing.
"The reason we lost our AAA grading the other day is because the markets have not confidence the austerity programme is working. If the economy is flat you cannot get your deficit down.
"If we don't get the banks lending and the builders building we are going to stay flat at best."
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