Commercial rates are to be waived for three months for business impacted by the Covid-19 pandemic.
The shortfall of 260 million euro on local authorities is to be funded by the Government.
A support package worth over six billion euro has been agreed by Cabinet.
It includes allowing companies to get a low-interest rate loan to re-open their business.
Finance Minister Paschal Donohoe says he's confident the economy can be re-built: