The invention discloses a pressure adjusting and controlling device, which relates to a water sprinkling device for irrigating green areas. The pressure adjusting and controlling device comprises a plastic guide ring, a guide rod, a telescopic slide bar, a guide sleeve and a draft line, wherein the guide rod is fixed on a rotary water pipe; the telescopic slide bar is arranged in the guide rod; one end of the telescopic slide bar is fixedly connected with the guide sleeve, and the other end of the telescopic slide bar is connected with the draft line; the guide sleeve is sleeved on the plastic guide ring; and the draft line is connected to the hydraulic valve. A sprinkler provided with the pressure adjusting and controlling device comprises a spray head, a pressure adjusting and controlling device, a rotary water pipe, a hydraulic valve, a water pipe rotation driving device and a fixed water inlet pipe, wherein one end of the rotary water pipe is connected with the spray head, and the other end of the spray water pipe is connected with the fixed water inlet pipe through the rotary joint. The magnitude of pressure is adjusted through the pressure adjusting and controlling device, so that the sprinkling distance and shape of the sprinkler can be adjusted optionally, the sprinkling shape can be matched with the practical shape of a green area, and the aims of saving water and fully irrigating are fulfilled. The sprinkler has the characteristics of simple structure, low cost and easiness for popularizing and using.