The Finance Minister Michael Noonan says extra funding will be made available to people who have to leave their homes because of flooding.
The government has a €10 million fund in place to provide relief to householders who do not have insurance.
Minister Noonan said whatever further money is needed will be made available.
The government plans to implement immediate short-term flood defences and then will implement a longer-term strategy.
However the Minister at the Office of Public Works Brian Hayes has admitted the fund will not be adequate to meet the demand after days of heavy rain and flooding in Western and Southern coastal areas.
Confronted by residents of St. Mary's Park in Limerick, Minister Hayes assured them that flood defences will be put in place.
Meanwhile a massive clean up operation is underway in many parts of the country after the latest flooding caused by high tides, rainfall and strong winds.
Cork, Waterford, and Wexford were among the areas worst hit today, but parts of Galway, Kerry and Clare were also left underwater.
Meanwhile the Junior Minister Brian Hayes is in Limerick city, where some 2,000 people were hit by flooding when the River Shannon burst its banks over the weekend.
And it seems it is not safe to put the sand bags away just yet.
Eoin Sherlock from Met Eireann says up to 50 millimetres of rain will fall tomorrow, and further stormy conditions will batter the country in the coming days.
Cork City Council has already issued a statement warning that flooding which is expected to be worse than that seen there this morning is forecast for tomorrow evening.
Meanwhile hundreds of homes and businesses have been affected in Cork, Waterford and Wexford. There is also flooding in Salthill in Galway and in parts of counties Clare and Kerry.
Care is advised on the N25 Cork to Waterford Road between Cork City and Midleton, and on Fr. Mathew Quay and Wandesford Quay in the city centre.
Newstalk's Southern Correspondent Jonathan Healy sent this incredible video from Oliver Plunkett Street in the city centre, where there is several feet of water.
Finbarr Cotter owns Newbridge Silverware on Oliver Plunkett Street. He is angry that the local Council are not taking action.
Seamus Cotter is the owner of Newbridge Silverware on Oliver Plunkett Street, Cork
Flooding on Oliver Plunkett Street in Cork this morning
Flooding inside Joyce's Toyshop in Cork
Weekend flood waters in Limerick via @kierancuddihy on Twitter
