The side effects of Rhinocort (budesonide) - a steroidal product are: Nasal irritation, itchy throat or larynx, sore throat, cough, dry mucous membranes & mouth, sneezing, increased sputum, haemorrhagic secretion, bleeding, crusting, breathlessness, headache, dizziness, tiredness. Epistaxis, pharyngitis, bronchospasm. Growth suppression in children. Rarely raised intraocular pressure. Nasal perforation, angioedema, anosmia, palpitations.