A lamp current balance and feedback system and related method are disclosed for balancing the input and output currents of a lamp by making use of a lamp current balance and feedback mechanism. The operation of the lamp current balance and feedback mechanism includes coupling the input current of the lamp for generating a first balance current by a first transformer, coupling the output current of the lamp for generating a second balance current by a second transformer, coupling the first and second transformers for substantially equalizing the first and second balance currents, generating a feedback signal based on the first or second balance current by a feedback circuit, generating a pulse width modulation signal based on the feedback signal by a pulse width modulation signal generation circuit, and driving the input and output currents of the lamp based on the pulse width modulation signal by a driving circuit.