There is provided a voltage regulator in which a ratio of a maximum current and a short circuit current is adjusted so that the maximum current is greatly increased and a short circuit current is made small. A first current limiting circuit for limiting a current value of an output voltage terminal is composed of P-channel MOS transistors (2, 4), an N-channel MOS transistor (3), and resistors (21 and 22). A second current limiting circuit for detecting a reduction in voltage of the output voltage terminal and limiting a current value of the output voltage terminal is composed of P-channel MOS transistors (2, 4), an N-channel MOS transistor (3), and resistors (20, 21, and 22). By using these circuits, the maximum current can be greatly increased and the short circuit current can be reduced.