What is provided is a voltage-generating circuit that uses dynamic reference voltage to accurately control the step-up of a generated voltage. A voltage-generating circuit 100 of the invention includes a charge pump 110 outputting voltage Vpump, a regulator 120, and a controlling circuit 140. The regulator 120 includes a comparator 122 and a comparator 132. The comparator 122 compares voltage Vdivide generated by the charge pump 110 with a reference voltage Vref, and outputs a comparison result CMP_OUT. The comparator 132 compares voltage Vdivide2 generated by the charge pump 110 with a reference voltage VrefRRC with a controlled rising speed, and outputs a comparison result CMP2_OUT. The controlling circuit 140 controls the charge pump 110 based on CMP_OUT and CMP2_OUT.