NSW floods crisis will cost billions

With the floods estimated to cost billions, the federal government has promised aid for recovery. (Murray McCloskey/AAP PHOTOS) (AAP)

The ongoing NSW flood crisis will cost the nation billions, but people in decimated regional towns can rely on the federal government to pick up the pieces.

Federal Emergency Management Minister Murray Watt says the clean-up bill will be staggering, with $3 billion allocated for disaster payments and repairs alone.