A limiting current circuit that has output short circuit protection is connected to an external voltage source and comprises an output terminal, an input current unit, a driving transistor, a voltage control resistor, a voltage control transistor and a delay unit. The output terminal is connected to a load and has an output current. The driving transistor has an internal resistance, a drain current and a gate voltage. The voltage control resistor has a resistor voltage. The voltage control transistor has an internal resistance and a parasitic capacitance. The delay unit makes the resistor voltage charging the parasitic capacitance to extend the period of lower internal resistance of the voltage control transistor and the period of higher internal resistance of the driving transistor, makes the internal resistance of the voltage control transistor is less than the internal resistance of the driving transistor when the load is shorted.